TITLE 6A

Uniform Commercial Code

CHAPTER 6A-9

Secured Transactions

PART 6A-9-101

General Provisions

SECTION 6A-9-108



   § 6A-9-108  Sufficiency of description.

–

(a) Sufficiency of description. 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) Examples of reasonable identification. 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 the Uniform Commercial Code;



   (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) Supergeneric description not sufficient. 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) Investment property. 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) When description by type insufficient. A

description only by type of collateral defined in the Uniform Commercial Code

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.



History of Section.

(P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.)