Section 208. Jurisdiction; how affected by locality of certain assets For the purpose of conferring jurisdiction upon the court: 1

A  debt  or  a cause of action for wrongful death, in favor of a
  non-domiciliary against a domiciliary, is deemed  personal  property  in
  the  county  where  the  domiciliary,  or  either  of  two  or more such
  domiciliaries  resides,  or  if  other  than  a  natural  person,   such
  domiciliary  has its principal office, except that a debt evidenced by a
  negotiable instrument is deemed  for  jurisdictional  purposes  personal
  property in the county of the situs of the instrument.
    2.    An  insurance policy upon the life of a non-domiciliary decedent
  shall have the situs of the  principal  office  in  this  state  of  the
  company or corporation issuing the policy of insurance.
    3.    A  share  of  stock  of  a  corporation of this state owned by a
  non-domiciliary is deemed personal property  in  the  county  where  the
  corporation has its principal office.
    4.      A  life  insurance  policy  or  share  of  stock  owned  by  a
  non-domiciliary is deemed personal property  in  the  county  where  the
  policy  or  share of stock is situated, the provisions of subdivisions 2
  and 3 notwithstanding.