Vermont § 307 - § 9—307.

Full text of Vermont Vermont Statutes Online § 307 — § 9—307., with citation guidance and answers to common questions.

§ 307. § 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) of this section 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) of this section
    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) of this section. (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) of this section, 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 subdivision (1) nor subdivision (2) applies. (g) A registered organization continues to be located in the jurisdiction specified by
    subsection (e) or (f) of this section 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 part. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2013, No. 157 (Adj. Sess.), § 1.)

Frequently Asked Questions About Vermont § 307

What does Vermont Statutes Online § 307 cover?

Section 307 ("§ 9—307.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 307?

A common citation format is "Vermont Statutes Online § 307" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 307 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.