47-9307

47-9307. 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 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; or

3. In the District of Columbia, if neither paragraph 1 nor paragraph 2 of this
subsection 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 state.

J. A foreign air carrier under the federal aviation act of 1958, as amended, is
located at the designated office of the agent on which service of process may be made on
behalf of the carrier.

K. This section applies only for purposes of this article.