My question involves business law in the state of: California
I am writing a promissory note for monies I lent a company that I owe 10% in. In the note I am looking for a clause that would accelerate payoff if any of the ownership percentage (privately held company) is sold for funds. At that time I want this loan to be paid in full. Also I believe I have seen where there is a clause that would protect my interests if the company were to bankrupt. I live in California and I am the one lending the company that exists in Montana. Is California law the state that would govern this note?
Thanks
Scott Cyr

