1. Sufficiency of description. Except as otherwise provided in subsections 3, 4, and 5, a description of personal or real property is sufficient, whether or not it isspecific, if it reasonably identifies what is described. 2. Examples of reasonable identification. Except as otherwise provided in subsection 4, a description of collateral reasonably identifies the collateral if itidentifies the collateral by: a. specific listing; b. category; c. except as otherwise provided in subsection 5, a type ofcollateraldefinedin this chapter; d. quantity; e. computational or allocational formula or procedure; or f. except as otherwise provided in subsection 3, any other method, if the identity of the collateral isobjectively determinable. 3. 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. 4. Investment property. Except as otherwise provided in subsection 5, a description of a security entitlement, securities account, or commodity account is sufficient ifit describes: a. the collateral by those terms or as investment property; or b. the underlying financial asset or commodity contract. 5. When description by type insufficient. A description only by type of collateral defined in this chapter is an insufficient description of: a. a commercial tort claim; or b. in a consumer transaction, consumer goods, a security entitlement, a securities account, or a commodity account.
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