Section 213. Residence or business within municipality

(a) In an action described in § 202, either a plaintiff or a defendant
  must:
    1. be a resident of the municipality; or
    2. have a regular employment within the municipality; or
    3.  have  a  place  for the regular transaction of business within the
  municipality.
    (b) A corporation, association or partnership shall, for the  purposes
  of  this  section, be deemed a resident of the municipality if it has an
  office or agency or regularly transacts business in the municipality.
    (c)  The  requirements  of  subdivision  (a)  shall  not  apply  to  a
  counterclaim,  cross-claim,  third-party  claim, or claim asserted by or
  against a party who has intervened in the action.
    (d)  The  requirements  of  this   section   shall   not   be   deemed
  jurisdictional;  they  shall  be deemed waived by the plaintiff upon his
  commencing an action in this court, and they shall be deemed  waived  by
  the  defendant  unless  he  raises  the  objection  by  motion or in his
  responsive pleading as prescribed in § 1002 of this act. Notwithstanding
  waiver by the parties, the court may, on its own initiative at any time,
  dismiss an action which  does  not  satisfy  the  requirements  of  this
  section.  Any  dismissal under this section shall entitle the parties to
  the benefit of CPLR § 205, relating to an extension of time to  commence
  a new action.