§ 9-307 — Location of Debtor

New York § 9-307

• Jurisdiction: New York
• Law UCC: Uniform Commercial Code
• Part 3: Perfection and Priority
• Subpart 1: Law Governing Perfection and Priority
• Art. 9: Secured Transactions

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Section 9--307. Location of Debtor.\n (a) "Place of business." In this section, "place of business" means a\nplace where a debtor conducts its affairs.\n (b) Debtor's location: general rules. Except as otherwise provided in\nthis section, the following rules determine a debtor's location:\n (1) A debtor who is an individual is located at the individual's\n principal residence.\n (2) A debtor that is an organization and has only one place of\n business is located at its place of business.\n (3) A debtor that is an organization and has more than one place\n of business is located at its chief executive office.\n (c) Limitation of applicability of subsection (b). Subsection (b)\napplies only if a debtor's residence, place of business, or chief\nexecutive office, as applicable, is located in a jurisdiction whose law\ngenerally requires information concerning the existence of a\nnonpossessory security interest to be made generally available in a\nfiling, recording, or registration system as a condition or result of\nthe security interest's obtaining priority over the rights of a lien\ncreditor with respect to the collateral. If subsection (b) does not\napply, the debtor is located in the District of Columbia.\n (d) Continuation of location: cessation of existence, etc. A person\nthat ceases to exist, have a residence, or have a place of business\ncontinues to be located in the jurisdiction specified by subsections\n(b) and (c).\n (e) Location of registered organization organized under state law. A\nregistered organization that is organized under the law of a state is\nlocated in that state.\n (f) Location of registered organization organized under federal law;\nbank branches and agencies. Except as otherwise provided in subsection\n(i), a registered organization that is organized under the law of the\nUnited States and a branch or agency of a bank that is not organized\nunder the law of the United States or a state are located:\n (1) in the state that the law of the United States designates, if\n the law designates a state of location;\n (2) in the state that the registered organization, branch, or\n agency designates, if the law of the United States authorizes\n the registered organization, branch, or agency to designate\n its state of location, including by designating its main\n office, home office, or other comparable office; or\n (3) in the District of Columbia, if neither paragraph (1) nor\n paragraph (2) applies.\n (g) Continuation of location: change in status of registered\norganization. A registered organization continues to be located in the\njurisdiction specified by subsection (e) or (f) notwithstanding:\n (1) the suspension, revocation, forfeiture, or lapse of the\n registered organization's status as such in its jurisdiction\n of organization; or\n (2) the dissolution, winding up, or cancellation of the existence\n of the registered organization.\n (h) Location of United States. The United States is located in the\nDistrict of Columbia.\n (i) Location of foreign bank branch or agency if licensed in only one\nstate. A branch or agency of a bank that is not organized under the law\nof the United States or a state is located in the state in which the\nbranch or agency is licensed, if all branches and agencies of the bank\nare licensed in only one state.\n (j) Location of foreign air carrier. A foreign air carrier under the\nFederal Aviation Act of 1958, as amended, is located at the designated\noffice of the agent upon which service of process may be made on behalf\nof the carrier.\n (k) Section applies only to this part. This section applies only for\npurposes of this part.\n