Indication of collateral - UCC 9-504
Known as the Uniform Commercial Code
The act spans §§ 1309–1309 (136 sections).
Applied in 1 court decision — leading case Swope v. Commercial Savings Bank (In re Gamma Center, Inc.) (2013)
Most recently applied in Swope v. Commercial Savings Bank (In re Gamma Center, Inc.) (March 2013)
Effective: July 1, 2001; Latest Legislation: Senate Bill 74 - 124th General Assembly
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(A) A description of the collateral pursuant to section 1309.108 of the Revised Code; or
(B) An indication that the financing statement covers all assets or all personal property.
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.