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.
Section: Previous 47-9101 47-9102 47-9103 47-9104 47-9105 47-9106 47-9107 47-9108 47-9109 47-9110 47-9201 47-9202 47-9203 47-9204 47-9205 NextLast modified: October 13, 2016