Chapter 01. Security Agreements
Regulation .01 Definitions.LinkCopy Citation
A.
In this chapter, the following terms in Commercial Law Article, §9-402(d), Annotated Code of Maryland, have the meanings indicated.
B.
Terms Defined.
(1)
“County in which each debtor's principal place of business in the State is located” means:
(a)
For a debtor with one place of business, where the business is conducted;
(b)
For a debtor with more than one place of business, where the debtor's:
(i)
Chief executive office is situated, or, if inapplicable,
(ii)
Business in this State is otherwise directed or managed, or, if inapplicable,
(iii)
Business in this State is primarily conducted.
(2)
“County of residence in the State” means:
(a)
For a debtor with no place of business maintaining one place of abode, where the abode is situated;
(b)
For a debtor with no place of business maintaining more than one place of abode, where the debtor pays or would be required to pay county income tax.
Chapter annotations
Authority: Tax-Property Article, §§2-201, 12-103, and 12-112; Commercial Law Article, §§9-401 and 9-402; Annotated Code of Maryland
History: Effective date: June 30, 2008 (35:13 Md. R. 1181)