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A. Sufficiency of Description. Except as otherwise provided in subsections (B) and (C) of this section, a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described.

B. Broad, Generic Descriptions Insufficient. In a security agreement, 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.

C. Description by Type Insufficient. A description only by type of collateral defined in this Osage Nation Secured Transactions Act is an insufficient description of:

1. A commercial tort claim; or

2. In a consumer transaction, any collateral. ONCA 07-22, eff. June 18, 2007.