A. In this section, in determining a debtor's location, a debtor:
(1) who is an individual is located at the individual's principal residence;
(2) that is an organization and has only one place of business is located at its place of business; and
(3) 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 the Uniform Voidable Transactions Act 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.
History: 1978 Comp., § 56-10-24, enacted by Laws 2015, ch. 54, § 20.
Recompilations. — Laws 2015, ch. 54, § 19 recompiled and amended former 56-10-24 NMSA 1978, relating to supplement provisions, as 56-10-26 NMSA 1978, effective January 1, 2016.
Compiler's notes. — Laws 2015, ch. 54, § 20 enacted a new 56-10-24 NMSA 1978, effective January 1, 2016.
Effective dates. — Laws 2015, ch. 54, §25 made Laws 2015, ch. 54, § 20 effective January 1, 2016.
Structure 2021 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 10 - Uniform Voidable Transactions
Section 56-10-1 to 56-10-13 - Repealed.
Section 56-10-14 - Short title.
Section 56-10-15 - Definitions.
Section 56-10-16 - Insolvency.
Section 56-10-18 - Transfer or obligation voidable as to present or future creditor.
Section 56-10-19 - Transfer or obligation voidable as to present creditor.
Section 56-10-20 - When transfer is made or obligation is incurred.
Section 56-10-21 - Remedies of creditor.
Section 56-10-22 - Defenses, liability and protection of transferee or obligee.
Section 56-10-23 - Extinguishment of cause of action.
Section 56-10-24 - Governing law.
Section 56-10-25 - Application to series organization.
Section 56-10-26 - Supplementary provisions.
Section 56-10-27 - Uniformity of application and construction.
Section 56-10-28 - Relation to Electronic Signatures in Global and National Commerce Act.