Location of Debtor (District of Columbia)
Location of Debtor (District of Columbia)
Location of Debtor (District of Columbia)
(District of Columbia)
28 MondayMAY 2012
≈ LEAVE A COMMENT
Tags
District of Columbia, location of debtor, UCC 9, UCC 9 -307, United States located in District of Columbia,
Washington D.C.
LOCATION OF DEBTOR
DISTRICT OF COLUMBIA
OREGON REVISED STATUTES: ORS 79.0307 [2001 c.445 §27] UCC 9-307 (Location
of debtor)
(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) 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 non-possessory
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. Note that it becomes imperative, should a person, natural,
constructive or otherwise, not be able to be established as residing in any
specified constructive venue, the District of Columbia is designated as the
controlling venue of ORIGIN. The reasoning here, lies in the fact, that the
constructive party/entity/resulting trust, has its origin within 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.
(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 ORS 79.0301 to 79. 0342[2001
c.445 §27]
Blog Masters Note: In searches, on this blog, I’ve noticed that people can’t find
their own state’s UCC Code. Do a search of Statutes for your state; it will be
there.)
RELATED
Ten Basic Foundations of Commercial Law (Part 3) In "all state UCC's"
Uniform Commercial Code (The Application of Commercial Law (part-2) In "5th
Amendment"
Uniform Commercial Code (Application and Use of Commercial Law) part 3 In
"Balancing your treasury account"