Terms Used In New Jersey Statutes 12A:9-504

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.