<?xml version='1.0' encoding='utf-8'?>
<chapter num="01" heading="Security Agreements" title_num="18" subtitle_num="13">
  <regulation prefix="Regulation" num=".01" heading="Definitions.">
    <paragraph num="A.">
      <text>In this chapter, the following terms in Commercial Law Article, §9-402(d), Annotated Code of Maryland, have the meanings indicated.</text>
    </paragraph>
    <paragraph num="B.">
      <text>Terms Defined.</text>
      <paragraph num="(1)">
        <text>“County in which each debtor's principal place of business in the State is located” means:</text>
        <paragraph num="(a)">
          <text>For a debtor with one place of business, where the business is conducted;</text>
        </paragraph>
        <paragraph num="(b)">
          <text>For a debtor with more than one place of business, where the debtor's:</text>
          <paragraph num="(i)">
            <text>Chief executive office is situated, or, if inapplicable,</text>
          </paragraph>
          <paragraph num="(ii)">
            <text>Business in this State is otherwise directed or managed, or, if inapplicable,</text>
          </paragraph>
          <paragraph num="(iii)">
            <text>Business in this State is primarily conducted.</text>
          </paragraph>
        </paragraph>
      </paragraph>
      <paragraph num="(2)">
        <text>“County of residence in the State” means:</text>
        <paragraph num="(a)">
          <text>For a debtor with no place of business maintaining one place of abode, where the abode is situated;</text>
        </paragraph>
        <paragraph num="(b)">
          <text>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.</text>
        </paragraph>
      </paragraph>
    </paragraph>
  </regulation>
  <annotations>
    <annotation type="Authority">Tax-Property Article, §§2-201, 12-103, and 12-112; Commercial Law Article, §§9-401 and 9-402; Annotated Code of Maryland</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: June 30, 2008 (35:13 Md. R. 1181)</annotation>
  </annotations>
</chapter>