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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-1-9-307: Location of debtor

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Where this section sits in the code
  1. OK Code
  2. Title 12A

LOCATION OF DEBTOR

(a) In this section, "place of business" means a place where a

debtor conducts its affairs.

(b) 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; and

(3) A debtor that is an organization and has more than one

place of business is located at its chief executive office.

(c) Subsection (b) 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 (b) of this

section does not apply, the debtor is located in the District of

Columbia.

(d) 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 section.

(e) A registered organization that is organized under the law

of a state is located in that state.

(f) Except as otherwise provided in subsection (i) 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:

(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) of this subsection applies.

(g) A registered organization continues to be located in the

jurisdiction specified by subsection (e) or (f) of this 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) The United States is located in the District of Columbia.

(i) 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) 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) This section applies only for purposes of this part.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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