{"data":{"id":"us-ky/krs-355.9-108","jurisdiction":"us-ky","citation":"KRS 355.9-108","heading":"Sufficiency of description.","body":"(1) Except as otherwise provided in subsections (3), (4), and (5) of this section, a\ndescription of personal or real property is sufficient, whether or not it is specific, if\nit reasonably identifies what is described.\n(2) Except as otherwise provided in subse ction (4) of this section, a description of\ncollateral reasonably identifies the collateral if it identifies the collateral by:\n(a) Specific listing;\n(b) Category;\n(c) Except as otherwise provided in subsection (5) of this section, a type of\ncollateral defined in this chapter;\n(d) Quantity;\n(e) Computational or allocational formula or procedure; or\n(f) Except as otherwise provided in subsection (3) of this section, any other\nmethod, if the identity of the collateral is objectively determinable.\n(3) A description of collateral as \"all the debtor's assets\" or \"all the debtor's personal\nproperty\" or using words of similar import does not reasonably identify the\ncollateral.\n(4) Except as otherwise provided in subsection (5) of this section, a description of a\nsecurity entitlement, securities account, or commodity account is sufficient if it\ndescribes:\n(a) The collateral by those terms or as investment property; or\n(b) The underlying financial asset or commodity contract.\n(5) A description only by type of collater al defined in this chapter is an insufficient\ndescription of:\n(a) A commercial tort claim; or\n(b) In a consumer transaction, consumer goods, a security entitlement, a securities\naccount, or a commodity account.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33735","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:47Z","sha256":"4688730d8d89a5b76c51ebeb7da06a889bb4970343a50a954c9464bce069aae9","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-1072","next":"us-ky/krs-355.9-109"},"notice":"GroundRules: Original legal text. Not legal advice."}