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Kentucky · Snapshot 09/05/2026

KRS 355.9-307: Location of debtor.

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Where this section sits in the code

    (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 (1) place of business is

    located at its place of business.

    (c) A debtor that is an organization and has more than one (1) place of business is

    located at its chief executive office.

    (3) Subsection (2) of this 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 (2) of this section 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) of this

    section.

    (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) of this 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:

    (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, br anch, or agency designates, if

    the law of the United States authorizes the registered organization, branch, or

    agency to designate its state of location, including by designating its main

    office, home office, or other comparable office; or

    (c) In the Distr ict of Columbia, if neither paragraph (a) nor paragraph (b) of this

    subsection applies.

    (7) A registered organization continues to be located in the jurisdiction specified by

    subsection (5) or (6) of this section 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 (1) 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 of this article.

    Collected 2026-09-05T20:58:48Z. Source file · JSON

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