Today's Law As Amended


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AB-513 The Uniform Voidable Transactions Act.(2019-2020)



As Amends the Law Today


SECTION 1.

 Section 3439.10 of the Civil Code is amended to read:

3439.10.
 (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. residence or domicile. 
(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 is located at its chief executive office.
(b) A claim in the nature of a claim under this chapter is governed by the local law of the jurisdiction in which the debtor is located when the transfer is made or the obligation is incurred.