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From course:

Secured Transactions

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Question:

Debtors location for filing is

Author: Parker Kirkpatrick



Answer:

 If an individual, where that person’s principal residence is  If an organization, and only has one place of business, then where that business is located  If an organization, and more than one place of business, then where its CEO office is located  If a registered organization that is organized under the law of a state then it is located in that state • A registered organization means an organization formed or organized under the law of a single State or the United States by filing a public organic record is located in that State.  If the place of business is located outside the US then located in the place • If they are located somewhere where they care about secured transactions then they are located there (Canada does except for Quebec) • BUT! If a (person) debtor lives somewhere, or an (organization) debtor is located somewhere – in some jurisdiction – where they do not recognize secured transactions, [i.e., Part 1 does not apply], then ignore all that information about where a debtor lives/domiciled, and say, DISTRICT OF COLUMBIA  Where a person ceases to exist, have a residence, or have a business, they still continue to be located in the jx that they began with


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