Sec. 9-504. Indication of collateral.
45 words·~1 min read·
/il/chapter-810/act-5/9-504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 9-504. Indication 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 Section 9-108; or
(2)an indication that the financing statement covers all assets or all personal
property.