12A: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 12A:9-108; or

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

   L.2001, c.117, s.1; amended 2001, c.386, s.69.