810 ILCS 5/9-307
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 (from Ch. 26, par. 9-307)Sec. 9-307. Location of debtor.(a) "Place of business."  In this Section, "place of business" means  a place where a debtor conducts its affairs.(b) Debtor's location:  general rules.  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) Limitation of applicability of subsection (b).  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) Continuation of location:  cessation of existence, etc.  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) Location of registered organization organized under State  law.  A registered organization that is organized under the law of a State is  located in that State.(f) Location of registered organization organized under federal law; bank  branches and agencies.  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) Continuation of location:  change in status of registered organization.  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) Location of United States.  The United States is located in the  District of Columbia.(i) Location of foreign bank branch or agency if licensed in only one  State.  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) Location of foreign air carrier.  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) Section applies only to this Part.  This Section applies only for  purposes of this Part.  (Source: P.A. 97-1034, eff. 7-1-13.)