A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) a description of the collateral pursuant to Section 36-9-108; or
(2) an indication that the financing statement covers all assets or all personal property.
HISTORY: 1962 Code Section 10.9-504; 1966 (54) 2716; 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12.