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Texas Business & Commerce Code

§ 9.307 — LOCATION OF DEBTOR

BC § 9.307Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. C. PERFECTION AND PRIORITY

Statute text

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(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.

Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 67 (S.B. 782), Sec. 3, eff. July 1, 2013.

Source: Texas Business & Commerce Code § 9.307 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.