Basic Uniform Commercial Code

Debtor's Location

Individuals are UCC § 9-307(b)(1).

Organizations are UCC § 1-201(b)(25).

• Regulated organizations are UCC § 9-102(a)(71) & UCC § 9-307(e).
• Other organizations are UCC § 9-307(b)(2)–(3).

If special provisions apply, location is determined by UCC § 9-302 through UCC § 9-306.

• This won't be tested except maybe fixtures.

If the property is intangible, location is determined by UCC § 9-301(1), where the debtor's location matters for both perfection and priority.

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.

If the property is tangible and the security interest is not possessory, location is determined by UCC § 9-301(2), where the collateral location matters for both perfection and priority.