The Uniform Assignment for Benefit of Creditors Act applies to an assignment made by an assignor that is: (1) an organization whose principal place of business is in this state; (2) an organization whose internal affairs are governed by other law of this state; (3) an individual whose principal residence is in this state; (4) an organization wholly owned, directly or indirectly, by an assignor that satisfies subdivision (1), (2), or (3) of this section; or (5) an organization that: (A) is partly owned, directly or indirectly, and controlled by an assignor that satisfies subdivision (1), (2), or (3) of this section; (B) has no place of business or employees; and (C) relies on the services the organization receives from an assignor that satisfies subdivision (1), (2), or (3) of this section.
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