A financing statement sufficiently indicates the collateral that it covers if the financing statement provides either of the following:
(1) A description of the collateral pursuant to Section 9108.
(2) An indication that the financing statement covers all assets or all personal property.
(Repealed and added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)