400.9-307. Location of debtor.

MISSOURI STATUTES AND CODES

400.9-307. Location of debtor.

Location of debtor.

400.9-307. (a) In this section, "place of business" means a placewhere a debtor conducts its affairs.

(b) Except as otherwise provided in this section, the following rulesdetermine a debtor's location:

(1) A debtor who is an individual is located at the individual'sprincipal residence;

(2) A debtor that is an organization and has only one place ofbusiness is located at its place of business;

(3) A debtor that is an organization and has more than one place ofbusiness is located at its chief executive office.

(c) Subsection (b) applies only if a debtor's residence, place ofbusiness, or chief executive office, as applicable, is located in ajurisdiction whose law generally requires information concerning theexistence of a nonpossessory security interest to be made generallyavailable in a filing, recording, or registration system as a condition orresult of the security interest's obtaining priority over the rights of alien creditor with respect to the collateral. If subsection (b) does notapply, the debtor is located in the District of Columbia.

(d) A person that ceases to exist, have a residence, or have a placeof business continues to be located in the jurisdiction specified bysubsections (b) and (c).

(e) A registered organization that is organized under the law of astate is located in that state.

(f) Except as otherwise provided in subsection (i), a registeredorganization that is organized under the law of the United States and abranch or agency of a bank that is not organized under the law of theUnited States or a state are located:

(1) In the state that the law of the United States designates, if thelaw designates a state of location;

(2) In the state that the registered organization, branch, or agencydesignates, if the law of the United States authorizes the registeredorganization, branch, or agency to designate its state of location; or

(3) In the District of Columbia, if neither paragraph (1) norparagraph (2) applies.

(g) A registered organization continues to be located in thejurisdiction specified by subsection (e) or (f) notwithstanding:

(1) The suspension, revocation, forfeiture, or lapse of theregistered organization's status as such in its jurisdiction oforganization; or

(2) The dissolution, winding up, or cancellation of the existence ofthe 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 lawof the United States or a state is located in the state in which the branchor agency is licensed, if all branches and agencies of the bank arelicensed in only one state.

(j) A foreign air carrier under the Federal Aviation Act of 1958, asamended, is located at the designated office of the agent upon whichservice of process may be made on behalf of the carrier.

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