§ 10:9-307 — Location of debtor

§9-307. Location of debtor
(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 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) Continuation of location: cessation of existence, etc. 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) Location of registered organization organized under State law. A registered
organization that is organized under the law of a State is located in that State.
(f) Location of registered organization organized under federal law; bank branches
and agencies. 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) Continuation of location: change in status of registered organization. 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) Location of United States. The United States is located in the District of
Columbia.
(i) Location of foreign bank branch or agency if licensed in only one state. 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) Location of foreign air carrier. 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) Section applies only to this Part. This Section applies only for purposes of this
Part.

Legislative History

Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2012, No. 450, §1, eff. July 1, 2013.