Minnesota § 513.485 GOVERNING LAW

Minnesota Statutes

§ 513.485 — GOVERNING LAW

Minnesota § 513.485

PartPROPERTY AND PROPERTY INTERESTS

Ch. 513AGREEMENTS RELATING TO PROPERTY

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Bluebook

Minn. Stat. § 513.485 (2026).

Text

(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 is located at its chief executive office.

(b)A claim in the nature of a claim under sections513.41to513.51is governed by the local law of the jurisdiction in which the debtor is located when the transfer is made or the obligation is incurred.

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(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 is located at its chief executive office.
(b) A claim in the nature of a claim under sections513.41to513.51is governed by the local law of the jurisdiction in which the debtor is located when the transfer is made or the obligation is incurred.