Indication of collateral
Known as the Uniform Commercial Code
The act spans §§ 25–25 (616 sections).
Applied in 5 court decisions — leading case 125 N.C. App. 494 - NationsBank of North Carolina, N.A. v. American Doubloon Corp. (1997)
Most recently applied in In Re Marshall (December 1997)
1899, cc. 17, 247; 1901, cc. 329, 704; 1903, c. 489; 1905, cc. 226, 319; Rev., s. 2055; 1907, c. 843; 1909, c. 532; P.L. 1913, c. 49; C.S., s. 2490; 1925, c. 285, s. 1; 1931, c.…
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) A description of the collateral pursuant to G.S. 25-9-108; or
(2) An indication that the financing statement covers all assets or all personal property.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.