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

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Oregon Statutes 79.0504

  • 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. See Oregon Statutes 79.0102
  • Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Oregon Statutes 79.0102
  • Personal property: All property that is not real property.

(1) A description of the collateral pursuant to ORS § 79.0108; or

(2) An indication that the financing statement covers all assets or all personal property. [2001 c.445 § 75]