Pennsylvania § 5110 Governing law

Pennsylvania Statutes

§ 5110 — Governing law

Pennsylvania·Title 12 COMMERCE AND TRADE·Part PART IV·Ch. 51 VOIDABLE TRANSACTIONS

(a)Location of debtor.--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 the organization's place of business.

(3)A debtor that is an organization and has more than one place of business is located at the organization's chief executive office.

(b)Governing law.--A claim for relief in the nature of a claim for relief 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.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Location of debtor.--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 the organization's place of business.

(3) A debtor that is an organization and has more than one place of business is located at the organization's chief executive office.

(b) Governing law.--A claim for relief in the nature of a claim for relief 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.

Pennsylvania § 5110 (Governing law) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Dec. 22, 2017, P.L.1249, No.78, eff. 60 days) 2017 Amendment.Act 78 renumbered former section 5110 to section 5112 and added present section 5110. See section 7 of Act 78 in the appendix to this title for special provisions relating to applicability.