Maryland Statutes
Subtitle 3 - Perfection and Priority
Section 9-307 - 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.
        (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) 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)    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)    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), 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)    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)    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 subtitle.

Structure Maryland Statutes

Maryland Statutes

Commercial Law

Title 9 - Secured Transactions

Subtitle 3 - Perfection and Priority

Section 9-301 - Law Governing Perfection and Priority of Security Interests

Section 9-302 - Law Governing Perfection and Priority of Agricultural Liens

Section 9-303 - Law Governing Perfection and Priority of Security Interests in Goods Covered by Certificate of Title

Section 9-304 - Law Governing Perfection and Priority of Security Interests in Deposit Accounts

Section 9-305 - Law Governing Perfection and Priority of Security Interests in Investment Property

Section 9-306 - Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights

Section 9-307 - Location of Debtor

Section 9-308 - When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection

Section 9-309 - Security Interest Perfected Upon Attachment

Section 9-310 - When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply

Section 9-311 - Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties

Section 9-312 - Perfection of Security Interests in Chattel Paper, Deposit Accounts, Documents, Goods Covered by Documents, Instruments, Investment Property, Letter-of-Credit Rights, and Money; Perfection by Permissive Filing; Temporary Perfection Wi...

Section 9-313 - When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing

Section 9-314 - Perfection by Control

Section 9-315 - Secured Party's Rights on Disposition of Collateral and in Proceeds

Section 9-316 - Continued Perfection of Security Interest Following Change in Governing Law

Section 9-317 - Interests That Take Priority Over or Take Free of Unperfected Security Interest or Agricultural Lien

Section 9-318 - No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers

Section 9-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers

Section 9-320 - Buyer of Goods

Section 9-321 - Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business

Section 9-322 - Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral

Section 9-323 - Future Advances

Section 9-324 - Priority of Purchase-Money Security Interests

Section 9-325 - Priority of Security Interests in Transferred Collateral

Section 9-326 - Priority of Security Interests Created by New Debtor

Section 9-327 - Priority of Security Interests in Deposit Account

Section 9-328 - Priority of Security Interests in Investment Property

Section 9-329 - Priority of Security Interests in Letter-of-Credit

Section 9-330 - Priority of Purchaser of Chattel Paper or Instrument

Section 9-331 - Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Articles; Priority of Interests in Financial Assets and Security Entitlements Under Title 8

Section 9-332 - Transfer of Money; Transfer of Funds From Deposit Account

Section 9-333 - Priority of Certain Liens Arising by Operation of Law

Section 9-334 - Priority of Security Interests in Fixtures and Crops

Section 9-335 - Accessions

Section 9-336 - Commingled Goods

Section 9-337 - Priority of Security Interests in Goods Covered by Certificate of Title

Section 9-338 - Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information

Section 9-339 - Priority Subject to Subordination

Section 9-340 - Effectiveness of Right of Recoupment or Set-Off Against Deposit Account

Section 9-341 - Bank's Rights and Duties With Respect to Deposit Account

Section 9-342 - Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement