There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 93 - Perfection and Priority
Section 9307 - Location of debtor
§ 9307. Location of debtor.
(a) Place of business.--As used in this 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 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 which is an organization and has only one
place of business is located at its place of business.
(3) A debtor which 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).--
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) Continuation of location: cessation of existence, etc.--
A person that ceases to exist, ceases to have a residence or
ceases to have a place of business continues to be located in
the jurisdiction specified by subsections (b) and (c).
(e) Location of registered organization organized under
state law.--A registered organization which 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), a registered organization which is
organized under the law of the United States and a branch or
agency of a bank which is not organized under the law of the
United States or a state are located:
(1) in the state which the law of the United States
designates, if the law designates a state of location;
(2) in the state which 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) 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)
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 location of the United
States is 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 which 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 (Public Law 85-726, 72
Stat. 731), 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) Section applies only to this chapter.--This section
applies only for purposes of this chapter.
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