70A-9a-307. Location of debtor.
(1) In this section, "place of business" means a place where a debtor conducts its affairs.
(2) Except as otherwise provided in this section, the following rules determine a debtor's
location:
(a) A debtor who is an individual is located at the individual's principal residence.
(b) A debtor that is an organization and has only one place of business is located at its
place of business.
(c) A debtor that is an organization and has more than one place of business is located at
its chief executive office.
(3) Subsection (2) 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 (2) does not apply, the debtor is located in the District of Columbia.
(4) 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 (2) and (3).
(5) A registered organization that is organized under the law of a state is located in that
state.
(6) Except as otherwise provided in Subsection (9), 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:
(a) in the state that the law of the United States designates, if the law designates a state of
location;
(b) 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
(c) in the District of Columbia, if neither Subsection (6)(a) nor Subsection (6)(b) applies.
(7) A registered organization continues to be located in the jurisdiction specified by
Subsection (5) or (6) notwithstanding:
(a) the suspension, revocation, forfeiture, or lapse of the registered organization's status as
such in its jurisdiction of organization; or
(b) the dissolution, winding up, or cancellation of the existence of the registered
organization.
(8) The United States is located in the District of Columbia.
(9) 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.
(10) 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.
(11) This section applies only for purposes of this part.
Enacted by Chapter 252, 2000 General Session
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Last revised: Thursday, May 28, 2009