(1) A claim for relief in the nature of a claim for relief under ORS § 95.200 to 95.310 is governed by the local law of the jurisdiction in which the debtor is located at the time the transfer is made or the obligation is incurred.

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Terms Used In Oregon Statutes 95.283

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

(2) For purposes of this section, a debtor’s location is determined as follows:

(a) A debtor who is an individual is located at the individual’s principal residence.

(b) A debtor that is an organization and has only one place of business is located at its place of business.

(c) A debtor that is an organization and has more than one place of business is located at its chief executive office. [2023 c.83 § 2]

 

See note under 95.200.