§ 25-9-504. Indication of collateral. - North Carolina Statutes

§25‑9‑504.  Indication of collateral.

A financing statementsufficiently indicates the collateral that it covers if the financing statementprovides:

(1)        A description of thecollateral pursuant to G.S. 25‑9‑108; or

(2)        An indication thatthe financing statement covers all assets or all personal property. (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. 196; 1933, c. 101, s. 6; 1945, c. 182, s. 2; c. 196, s. 2;1951, c. 926, s. 1; 1955, c. 386, s. 1; 1957, c. 564; 1961, c. 574; 1965, c.700, s. 1; 1969, c. 1115, s. 1; 1975, c. 862, s. 7; 1983 (Reg. Sess., 1984), c.1116, s. 43; 1989, c. 523, s. 7; 2000‑169, s. 1.)