Sufficiency of description of collateral.

  1. Law
  2. South Dakota Codified Laws
  3. Uniform Commercial Code
  4. Secured Transactions
  5. Sufficiency of description of collateral.

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57A-9-504. Sufficiency of description of collateral.

A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:

(1)A description of the collateral pursuant to §57A-9-108; or

(2)An indication that the financing statement covers all assets or all personal property.

Source: SL 2000, ch 231.


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