(a)In this section, place of business means a
place where a debtor conducts its affairs.
(b)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)Subsection (b) of this section 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 concerning the existence of a nonpossessory
security interest to be made gener
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(a) In this section, place of business means a
place where a debtor conducts its affairs.
(b) 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) Subsection (b) of this section 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 concerning the existence of a nonpossessory
security interest to be made generally available in a filing, recording, or registration
system as a condition or result of the security interest's obtaining priority over the
rights of a lien creditor with respect to the collateral. If subsection (b) of this
section does not apply, the debtor is located in the District of Columbia.
(d) A person that ceases to exist, have a residence, or have a place of
business continues to be located in the jurisdiction specified by subsections (b) and
(c) of this section.
(e) A registered organization that is organized under the law of a state is
located in that state.
(f) Except as otherwise provided in subsection (i) of this section, a registered
organization that is organized under the law of the United States and a branch or
agency of a bank that is not organized under the law of the United States or a state
are located:
(1) In the state that the law of the United States designates, if the law
designates a state of location;
(2) In the state that the registered organization, branch, or agency
designates, if the law of the United States authorizes the registered organization,
branch, or agency to designate its state of location, including by designating its
main office, home office, or other comparable office; or
(3) In the District of Columbia, if neither paragraph (1) nor paragraph (2) of
this subsection (f) applies.
(g) A registered organization continues to be located in the jurisdiction
specified by subsection (e) or (f) of this section notwithstanding:
(1) The suspension, revocation, forfeiture, or lapse of the registered
organization's status as such in its jurisdiction of organization; or
(2) The dissolution, winding up, or cancellation of the existence of the
registered organization.
(h) The United States is located in the District of Columbia.
(i) A branch or agency of a bank that is not organized under the law of the
United States or a state is located in the state in which the branch or agency is
licensed, if all branches and agencies of the bank are licensed in only one state.
(j) A foreign air carrier under the Federal Aviation Act of 1958, as amended,
is located at the designated office of the agent upon which service of process may
be made on behalf of the carrier.
(k) This section applies only for purposes of this part 3.