Basic Uniform Commercial Code
Individuals are UCC § 9-307(b)(1).
Organizations are UCC § 1-201(b)(25).
- This won't be tested except maybe fixtures.
If the property is tangible and the security interest is possessory, location is determined by UCC § 9-301(1) & UCC § 9-301(3)(c), where perfection is determined by the debtor's location and the priority is determined by the collateral's location.