§25‑9‑108.  Sufficiency of description.

(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.)