§ 26-1-9.1-307 — Location of debtor

Indiana § 26-1-9.1-307

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 9.1: Secured Transactions

Text

(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 (1) place of
business is located at its place of business.
(3) A debtor that is an organization and has more than one (1)
place of business is located at its chief executive office.
(c) 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 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) 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).
(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), 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) applies.
(g) A registered organization continues to be located in the
jurisdiction specified by subsection (e) or (f) 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 (1) state.
(j) A foreign air carrier under the Federal Aviation Administration
Authorization Act of 1994 (49 U.S.C. 40102(21)) 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 IC 26-1-9.1-301
through IC 26-1-9.1-342.

Legislative History

As added by P.L.57-2000, SEC.45. Amended by P.L.165-2001, SEC.5; P.L.54-2011, SEC.5; P.L.7-2015, SEC.49.