Okla. Stat. tit. 12A, § 12A-1-9-108
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-108, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Sufficiency of description
Official statutory text
SUFFICIENCY OF DESCRIPTION
(a) Except as otherwise provided in subsections (c), (d), and
(e) of this section, a description of personal or real property is
sufficient, whether or not it is specific, if it reasonably
identifies what is described.
(b) Except as otherwise provided in subsection (d) of this
section, a description of collateral reasonably identifies the
collateral if it identifies the collateral by:
(1) specific listing;
(2) category;
(3) except as otherwise provided in subsection (e) of this
section, a type of collateral defined in this title;
(4) quantity;
(5) computational or allocational formula or procedure; or
(6) except as otherwise provided in subsection (c) of this
section, any other method, if the identity of the collateral is
objectively determinable.
(c) A description of collateral as “all the debtor’s assets” or
“all the debtor’s personal property” or using words of similar
import does not reasonably identify the collateral.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 40
(d) Except as otherwise provided in subsection (e) of this
section, a description of a security entitlement, securities
account, or commodity account is sufficient if it describes:
(1) the collateral by those terms or as investment property; or
(2) the underlying financial asset or commodity contract.
(e) A description only by type of collateral defined in this
title is an insufficient description of:
(1) a commercial tort claim; or
(2) in a consumer transaction, consumer goods, a security
entitlement, a securities account, or a commodity account.
(a) Except as otherwise provided in subsections (c), (d), and
(e) of this section, a description of personal or real property is
sufficient, whether or not it is specific, if it reasonably
identifies what is described.
(b) Except as otherwise provided in subsection (d) of this
section, a description of collateral reasonably identifies the
collateral if it identifies the collateral by:
(1) specific listing;
(2) category;
(3) except as otherwise provided in subsection (e) of this
section, a type of collateral defined in this title;
(4) quantity;
(5) computational or allocational formula or procedure; or
(6) except as otherwise provided in subsection (c) of this
section, any other method, if the identity of the collateral is
objectively determinable.
(c) A description of collateral as “all the debtor’s assets” or
“all the debtor’s personal property” or using words of similar
import does not reasonably identify the collateral.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 40
(d) Except as otherwise provided in subsection (e) of this
section, a description of a security entitlement, securities
account, or commodity account is sufficient if it describes:
(1) the collateral by those terms or as investment property; or
(2) the underlying financial asset or commodity contract.
(e) A description only by type of collateral defined in this
title is an insufficient description of:
(1) a commercial tort claim; or
(2) in a consumer transaction, consumer goods, a security
entitlement, a securities account, or a commodity account.
Status: in_force · Read it on the official government site
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