§ 34.1-3-111 — Place of payment

Except as otherwise provided for items in article 4, an
instrument is payable at the place of payment stated in the
instrument. If no place of payment is stated, an instrument is
payable at the address of the drawee or maker stated in the
instrument. If no address is stated, the place of payment is
the place of business of the drawee or maker. If a drawee or
maker has more than one (1) place of business, the place of
payment is any place of business of the drawee or maker chosen
by the person entitled to enforce the instrument. If the drawee
or maker has no place of business, the place of payment is the
residence of the drawee or maker.