Md. Code Regs. 18.13.01.01

Current through Register Vol. 51, No. 22, November 1, 2024

Section 18.13.01.01 - Definitions

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.

Md. Code Regs. 18.13.01.01