47-9108

47-9108. Sufficiency of description

A. Except as otherwise provided in subsections C, D and E, a description of
personal or real property is sufficient, whether or not it is specific, if it reasonably
identifies what is described.

B. Except as otherwise provided in subsection D, a description of collateral
reasonably identifies the collateral if it identifies the collateral by:

1. Specific listing;

2. Category;

3. Except as otherwise provided in subsection E, a type of collateral defined in
this title;

4. Quantity;

5. Computational or allocational formula or procedure; or

6. Except as otherwise provided in subsection C, any other method, if the identity
of the collateral is objectively determinable.

C. A description of collateral as "all the debtor's assets" or "all the debtor's
personal property" or using words of similar import does not reasonably identify the
collateral.

D. Except as otherwise provided in subsection E, a description of a security
entitlement, securities account or commodity account is sufficient if it describes:

1. The collateral by those terms or as investment property; or

2. The underlying financial asset or commodity contract.

E. A description only by type of collateral defined in this title is an
insufficient description of:

1. A commercial tort claim; or

2. In a consumer transaction, consumer goods, a security entitlement, a securities
account or a commodity account.