Indication of collateral
Known as the Uniform Commercial Code
The act spans §§ 46–46 (630 sections).
Applied in 4 court decisions — leading case Ingersoll-Rand Financial Corp. v. 5-Leaf Clover Corp. (In Re 5-Leaf Clover Corp.) (1980)
Most recently applied in 191 F. Supp. 2d 695 - New Holland Credit Co., LLC. v. Madison Creek LLC. (March 2002)
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 section 9-108; or
(2) An indication that the financing statement covers all assets or all personal property.
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.