Ohio Code 1309.504 – Indication of collateral – UCC 9-504
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A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
Terms Used In Ohio Code 1309.504
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Collateral: means the property subject to a security interest or agricultural lien, including:
(a) Proceeds to which a security interest attaches;
(b) Accounts, chattel paper, payment intangibles, and promissory notes that have been sold; and
(c) Goods that are the subject of a consignment. See Ohio Code 1309.102
- Financing statement: means a record composed of an initial financing statement and any filed record or records relating to the initial financing statement. See Ohio Code 1309.102
- Personal property: All property that is not real property.
(A) A description of the collateral pursuant to section 1309.108 of the Revised Code; or
(B) An indication that the financing statement covers all assets or all personal property.