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Section 56-10-24 - Governing law.

NM Stat § 56-10-24 (2019) (N/A)
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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.

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Section 56-10-23 - Extinguishment of cause of action.
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Section 56-10-25 - Application to series organization.