§490:9-307  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) 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) 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 government 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. [L 2000, c 241, pt of §1]