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of
the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 91 - General Provisions
Section 9108 - Sufficiency of description
§ 9108. Sufficiency of description.
(a) Sufficiency of description.--Except as otherwise
provided in subsections (c), (d) and (e), a description of
personal or real property is sufficient, whether or not it is
specific, if it reasonably identifies what is described.
(b) Examples of reasonable identification.--Except as
otherwise provided in subsection (d), 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), 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), any
other method, if the identity of the collateral is
objectively determinable.
(c) Supergeneric description not sufficient.--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.
(d) Investment property.--Except as otherwise provided in
subsection (e), 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) When description by type insufficient.--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.
Cross References. Section 9108 is referred to in section
9504 of this title.
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