§ 6A-9-307 Location of debtor. – (a) "Place of business." In this section, "place of business" means aplace where a debtor conducts its affairs.
(b) Debtor's location: general rules. Except asotherwise provided in this section, the following rules determine a debtor'slocation:
(1) A debtor who is an individual is located at theindividual's principal residence.
(2) A debtor that is an organization and has only one placeof business is located at its place of business.
(3) A debtor that is an organization and has more than oneplace 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, orchief executive office, as applicable, is located in a jurisdiction whose lawgenerally requires information concerning the existence of a nonpossessorysecurity interest to be made generally available in a filing, recording, orregistration system as a condition or result of the security interest'sobtaining priority over the rights of a lien creditor with respect to thecollateral. If subsection (b) does not apply, the debtor is located in theDistrict of Columbia.
(d) Continuation of location: cessation of existence,etc. A person that ceases to exist, have a residence, or have a place ofbusiness continues to be located in the jurisdiction specified by subsections(b) and (c).
(e) Location of registered organization organized underState law. A registered organization that is organized under the law of aState is located in that State.
(f) Location of registered organization organized underfederal law; bank branches and agencies. Except as otherwise provided insubsection (i), a registered organization that is organized under the law ofthe United States and a branch or agency of a bank that is not organized underthe law of the United States or a State are located:
(1) In the State that the law of the United Statesdesignates, if the law designates a State of location;
(2) In the State that the registered organization, branch, oragency designates, if the law of the United States authorizes the registeredorganization, branch, or agency to designate its State of location; or
(3) In the District of Columbia, if neither paragraph (1) norparagraph (2) applies.
(g) Continuation of location: change in status ofregistered organization. A registered organization continues to be locatedin the jurisdiction specified by subsection (e) or (f) notwithstanding:
(1) The suspension, revocation, forfeiture, or lapse of theregistered organization's status as such in its jurisdiction of organization; or
(2) The dissolution, winding up, or cancellation of theexistence of the registered organization.
(h) Location of United States. The United States islocated in the District of Columbia.
(i) Location of foreign bank branch or agency if licensedin only one state. A branch or agency of a bank that is not organized underthe law of the United States or a State is located in the State in which thebranch or agency is licensed, if all branches and agencies of the bank arelicensed in only one State.
(j) Location of foreign air carrier. A foreign aircarrier under the Federal Aviation Act of 1958, as amended, is located at thedesignated office of the agent upon which service of process may be made onbehalf of the carrier.
(k) Section applies only to this part. This sectionapplies only for purposes of this part.
§ 6A-9-307 Location of debtor. – (a) "Place of business." In this section, "place of business" means aplace where a debtor conducts its affairs.
(b) Debtor's location: general rules. Except asotherwise provided in this section, the following rules determine a debtor'slocation:
(1) A debtor who is an individual is located at theindividual's principal residence.
(2) A debtor that is an organization and has only one placeof business is located at its place of business.
(3) A debtor that is an organization and has more than oneplace 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, orchief executive office, as applicable, is located in a jurisdiction whose lawgenerally requires information concerning the existence of a nonpossessorysecurity interest to be made generally available in a filing, recording, orregistration system as a condition or result of the security interest'sobtaining priority over the rights of a lien creditor with respect to thecollateral. If subsection (b) does not apply, the debtor is located in theDistrict of Columbia.
(d) Continuation of location: cessation of existence,etc. A person that ceases to exist, have a residence, or have a place ofbusiness continues to be located in the jurisdiction specified by subsections(b) and (c).
(e) Location of registered organization organized underState law. A registered organization that is organized under the law of aState is located in that State.
(f) Location of registered organization organized underfederal law; bank branches and agencies. Except as otherwise provided insubsection (i), a registered organization that is organized under the law ofthe United States and a branch or agency of a bank that is not organized underthe law of the United States or a State are located:
(1) In the State that the law of the United Statesdesignates, if the law designates a State of location;
(2) In the State that the registered organization, branch, oragency designates, if the law of the United States authorizes the registeredorganization, branch, or agency to designate its State of location; or
(3) In the District of Columbia, if neither paragraph (1) norparagraph (2) applies.
(g) Continuation of location: change in status ofregistered organization. A registered organization continues to be locatedin the jurisdiction specified by subsection (e) or (f) notwithstanding:
(1) The suspension, revocation, forfeiture, or lapse of theregistered organization's status as such in its jurisdiction of organization; or
(2) The dissolution, winding up, or cancellation of theexistence of the registered organization.
(h) Location of United States. The United States islocated in the District of Columbia.
(i) Location of foreign bank branch or agency if licensedin only one state. A branch or agency of a bank that is not organized underthe law of the United States or a State is located in the State in which thebranch or agency is licensed, if all branches and agencies of the bank arelicensed in only one State.
(j) Location of foreign air carrier. A foreign aircarrier under the Federal Aviation Act of 1958, as amended, is located at thedesignated office of the agent upon which service of process may be made onbehalf of the carrier.
(k) Section applies only to this part. This sectionapplies only for purposes of this part.
§ 6A-9-307 Location of debtor. – (a) "Place of business." In this section, "place of business" means aplace where a debtor conducts its affairs.
(b) Debtor's location: general rules. Except asotherwise provided in this section, the following rules determine a debtor'slocation:
(1) A debtor who is an individual is located at theindividual's principal residence.
(2) A debtor that is an organization and has only one placeof business is located at its place of business.
(3) A debtor that is an organization and has more than oneplace 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, orchief executive office, as applicable, is located in a jurisdiction whose lawgenerally requires information concerning the existence of a nonpossessorysecurity interest to be made generally available in a filing, recording, orregistration system as a condition or result of the security interest'sobtaining priority over the rights of a lien creditor with respect to thecollateral. If subsection (b) does not apply, the debtor is located in theDistrict of Columbia.
(d) Continuation of location: cessation of existence,etc. A person that ceases to exist, have a residence, or have a place ofbusiness continues to be located in the jurisdiction specified by subsections(b) and (c).
(e) Location of registered organization organized underState law. A registered organization that is organized under the law of aState is located in that State.
(f) Location of registered organization organized underfederal law; bank branches and agencies. Except as otherwise provided insubsection (i), a registered organization that is organized under the law ofthe United States and a branch or agency of a bank that is not organized underthe law of the United States or a State are located:
(1) In the State that the law of the United Statesdesignates, if the law designates a State of location;
(2) In the State that the registered organization, branch, oragency designates, if the law of the United States authorizes the registeredorganization, branch, or agency to designate its State of location; or
(3) In the District of Columbia, if neither paragraph (1) norparagraph (2) applies.
(g) Continuation of location: change in status ofregistered organization. A registered organization continues to be locatedin the jurisdiction specified by subsection (e) or (f) notwithstanding:
(1) The suspension, revocation, forfeiture, or lapse of theregistered organization's status as such in its jurisdiction of organization; or
(2) The dissolution, winding up, or cancellation of theexistence of the registered organization.
(h) Location of United States. The United States islocated in the District of Columbia.
(i) Location of foreign bank branch or agency if licensedin only one state. A branch or agency of a bank that is not organized underthe law of the United States or a State is located in the State in which thebranch or agency is licensed, if all branches and agencies of the bank arelicensed in only one State.
(j) Location of foreign air carrier. A foreign aircarrier under the Federal Aviation Act of 1958, as amended, is located at thedesignated office of the agent upon which service of process may be made onbehalf of the carrier.
(k) Section applies only to this part. This sectionapplies only for purposes of this part.
