A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:(1) A description of the collateral pursuant to Section 75-9-108; or(2) An indication that the financing statement covers all assets or all personal property.Former 1972 Code § 75-9-504 [Codes, 1942, § 41A:9-504; Laws, 1966, ch. 316, § 9-504; Laws, 1970, ch. 272, § 1; Laws, 1977, ch. 452, § 34, eff. 4/1/1978] is now found in comparable provisions enacted at §§ 75-9-610, 75-9-611, 75-9-615, 75-9-617, 75-9-618, and 75-9-624 by Laws, 2001, ch. 495, § 1. Present § 75-9-504 was derived from former 1972 Code § 75-9-402 [Codes, 1942, § 41A:9-402; Laws, 1966, ch. 316, § 9-402; Laws, 1968, ch. 490, § 1; Laws, 1977, ch. 452, § 25, eff. 4/1/1978] and was enacted by Laws, 2001, ch. 495, § 1, eff. 1/1/2002.
Mississippi Legal Code