§ 9—307. Location of debtor
(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 subdivision (1) nor subdivision (2) 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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2013, No. 157 (Adj. Sess.), § 1.)