Alabama Statutes

§ 7-9A-307 — Location of Debtor

Alabama·Title 7 Commercial Code·Art. 9A Secured Transactions·Div. 1 Law Governing Perfection and Priority·Part 3 Perfection and Priority
(a)“Place of business.” In this section, “place of business” means a place where a debtor conducts its affairs.
(b)Debtor’s location: General rules. Except as otherwise provided in this section, the following rules determine a debtor’s location:
(1)A debtor who is an individual is located at the individual’s principal residence.
(2)A debtor that is an organization and has only one place of business is located at its place of business.
(3)A debtor that is an organization and has more than one place of business is located at its chief executive office.
(c)Limitation of applicability of subsection (b). Subsection (b) applies only if a debtor’s residence, place of business, or chief executive office, as applicable, is located in a jurisdiction whose law generally requires information con

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Alabama § 7-9A-307 (Location of Debtor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Act 2001-481, p. 647, §1; Act 2014-374, p. 1339, §1.)

Nearby Sections

15
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