Pennsylvania Statutes

§ 9307 — Location of debtor

Pennsylvania·Title 13 COMMERCIAL CODE·Ch. 93 PERFECTION AND PRIORITY·Subch. LAW GOVERNING PERFECTION AND PRIORITY
(a)Place of business.--As used in this section, the term "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 which is an organization and has only one place of business is located at its place of business.
(3)A debtor which 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

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Legislative History

(June 27, 2013, P.L.154, No.30, eff. July 1, 2013) 2013 Amendment.Act 30 amended subsec. (f)(2).

Nearby Sections

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