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§ 25-2-35 — New Jersey Law | CourtGPT
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New Jersey Legal Code

§ 25-2-35

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25:2-35 Governing law. 13. Governing law. a. In this section, the following rules determine a debtor's location: (1) A debtor who is an individual is located at the individual's principal residence. (2) A debtor that is an organization and has only one place of business is located at its place of business. (3) A debtor that is an organization and has more than one place of business shall be deemed to be located at its chief executive office. b. A claim in the nature of a claim under the 'Uniform Voidable Transactions Act,' R.S.25:2-20 et seq., shall be governed by the local law of the jurisdiction in which the debtor is located when the transfer is made or the obligation is incurred. L.2021, c.92, s.13.