(a) Sufficiency ofdescription. Except as otherwise provided in subsections (c), (d), and (e) ofthis section, a description of personal or real property is sufficient, whetheror not it is specific, if it reasonably identifies what is described.
(b) Examples ofreasonable identification. Except as otherwise provided in subsection (d) ofthis section, a description of collateral reasonably identifies the collateralif it identifies the collateral by:
(1) Specific listing;
(2) Category;
(3) Except as otherwiseprovided in subsection (e) of this section, a type of collateral defined inthis Chapter;
(4) Quantity;
(5) Computational orallocational formula or procedure; or
(6) Except as otherwiseprovided in subsection (c) of this section, any other method, if the identityof the collateral is objectively determinable.
(c) Supergenericdescription not sufficient. A description of collateral as "all thedebtor's assets" or "all the debtor's personal property" orusing words of similar import does not reasonably identify the collateral.
(d) Investmentproperty. Except as otherwise provided in subsection (e) of this section, adescription of a security entitlement, securities account, or commodity accountis sufficient if it describes:
(1) The collateral bythose terms or as investment property; or
(2) The underlyingfinancial asset or commodity contract.
(e) When description bytype insufficient. A description only by type of collateral defined in thisChapter is an insufficient description of:
(1) A commercial tortclaim; or
(2) In a consumertransaction, consumer goods, a security entitlement, a securities account, or acommodity account. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)
(a) Sufficiency ofdescription. Except as otherwise provided in subsections (c), (d), and (e) ofthis section, a description of personal or real property is sufficient, whetheror not it is specific, if it reasonably identifies what is described.
(b) Examples ofreasonable identification. Except as otherwise provided in subsection (d) ofthis section, a description of collateral reasonably identifies the collateralif it identifies the collateral by:
(1) Specific listing;
(2) Category;
(3) Except as otherwiseprovided in subsection (e) of this section, a type of collateral defined inthis Chapter;
(4) Quantity;
(5) Computational orallocational formula or procedure; or
(6) Except as otherwiseprovided in subsection (c) of this section, any other method, if the identityof the collateral is objectively determinable.
(c) Supergenericdescription not sufficient. A description of collateral as "all thedebtor's assets" or "all the debtor's personal property" orusing words of similar import does not reasonably identify the collateral.
(d) Investmentproperty. Except as otherwise provided in subsection (e) of this section, adescription of a security entitlement, securities account, or commodity accountis sufficient if it describes:
(1) The collateral bythose terms or as investment property; or
(2) The underlyingfinancial asset or commodity contract.
(e) When description bytype insufficient. A description only by type of collateral defined in thisChapter is an insufficient description of:
(1) A commercial tortclaim; or
(2) In a consumertransaction, consumer goods, a security entitlement, a securities account, or acommodity account. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)
(a) Sufficiency ofdescription. Except as otherwise provided in subsections (c), (d), and (e) ofthis section, a description of personal or real property is sufficient, whetheror not it is specific, if it reasonably identifies what is described.
(b) Examples ofreasonable identification. Except as otherwise provided in subsection (d) ofthis section, a description of collateral reasonably identifies the collateralif it identifies the collateral by:
(1) Specific listing;
(2) Category;
(3) Except as otherwiseprovided in subsection (e) of this section, a type of collateral defined inthis Chapter;
(4) Quantity;
(5) Computational orallocational formula or procedure; or
(6) Except as otherwiseprovided in subsection (c) of this section, any other method, if the identityof the collateral is objectively determinable.
(c) Supergenericdescription not sufficient. A description of collateral as "all thedebtor's assets" or "all the debtor's personal property" orusing words of similar import does not reasonably identify the collateral.
(d) Investmentproperty. Except as otherwise provided in subsection (e) of this section, adescription of a security entitlement, securities account, or commodity accountis sufficient if it describes:
(1) The collateral bythose terms or as investment property; or
(2) The underlyingfinancial asset or commodity contract.
(e) When description bytype insufficient. A description only by type of collateral defined in thisChapter is an insufficient description of:
(1) A commercial tortclaim; or
(2) In a consumertransaction, consumer goods, a security entitlement, a securities account, or acommodity account. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)
