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Situs

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Situs
The location or Position of a property.
    
For intangible property, such as Debt, the situs is probably the jurisdiction in which the Debt obligation was issued. The situs of Real Estate (land) is where the land is located ,the situs of debts is where the debtor resides (since that is where legal action can be taken to enforce the Debt) and the situs of intangibles property, including intellectual property such as copyright, trademarks and patents but also Goodwill, is where the property is registered, or, if not registered, where the rights to the property can be enforced.
Posted by  Privatebanking.com
 
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