Statute · New York Debtor & Creditor Law
N.Y. Debt. & Cred. Law § 279 — Governing law
N.Y. Debt. & Cred. Law § 279
- Type
- Statute
- Source
- New York Debtor & Creditor Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 279. Governing law. (a) In this section, the following rules determine a debtor's location:
Citator
N.Y. Debt. & Cred. Law § 279 — Governing law is in force in the current edition of the Code, and nothing recorded condemns it.
§ 279. 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 is located at its chief executive office.
(b) A claim for relief in the nature of a claim for relief under this article 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.