A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:

(1) A description of the collateral pursuant to § 57A-9-108; or

Terms Used In South Dakota Codified Laws 57A-9-504

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

(2) An indication that the financing statement covers all assets or all personal property.

Source: SL 2000, ch 231.