Title 11, Chapter 9, Section 307
( 11-9-307)
Location of debtor. (a) "Place of business." As used in this Code 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 Code 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; and (3) A debtor that 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) of this Code
section. Subsection (b) of this Code 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
Code section does not apply, the debtor is located in the District
of Columbia. (d) Continuation of location; cessation of existence, etc. 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 Code section. (e) Location of registered organization organized under state law.
A registered organization that is organized under the law of a state
is located in that state. (f) Location of registered organization organized under federal law;
bank branches and agencies. Except as otherwise provided in
subsection (i) of this Code 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; or (3) In the District of Columbia, if neither paragraph (1) nor (2)
of this subsection applies. (g) Continuation of location; change in status of registered
organization. A registered organization continues to be located in
the jurisdiction specified by subsection (e) or (f) of this Code
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) Location of United States. The United States is located in the
District of Columbia. (i) Location of foreign bank branch or agency if licensed in only
one state. 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) Location of foreign air carrier. 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) Code section applies only to this part. This Code section
applies only for purposes of this part. |