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New York · Through 2026-09-11

N.Y. Uniform Commercial Code Law § 9-307: Location of Debtor

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Where this section sits in the code
  1. Uniform Commercial Code Law
  2. Article 9. Secured Transactions
  3. Part 3. Perfection and Priority
  4. Subpart 1. Law Governing Perfection and Priority

Section 9--307. Location of Debtor.

(a) "Place of business." In this section, "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 that is an organization and has only one place of

business is located at its place of business.

(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). 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, have a residence, or 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 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), 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, including by designating its main

office, home office, or other comparable office; 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 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) Section applies only to this part. This section applies only for

purposes of this part.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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