The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 679
UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS

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F.S. 679.1081

679.1081 Sufficiency of description.—

(1) Except as otherwise provided herein and in subsections (3), (4), and (5), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. A description of real estate in a record filed to perfect a security interest in crops growing or to be grown or goods which are or are to become fixtures shall be sufficient only if the filing or recording of the same constitutes constructive notice under the laws of this state, other than this chapter, which are applicable to the filing or recording of a record of a mortgage, and a mailing or street address alone shall not be sufficient.

(2) Except as otherwise provided in subsection (4), a description of collateral reasonably identifies the collateral if it identifies the collateral by:

(a) Specific listing;

(b) Category;

(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 is objectively determinable.

(3) 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 for purposes of the security agreement.

(4) Except as otherwise provided in subsection (5), a description of a security entitlement, securities account, or commodity account is sufficient if it describes:

(a) The collateral by those terms or as investment property; or

(b) The underlying financial asset or commodity contract.

(5) A description only by type of collateral defined in this chapter is an insufficient description of:

(a) A commercial tort claim;

(b) In a consumer transaction, consumer goods, a security entitlement, a securities account, or a commodity account;

(c) An account consisting of a right to payment of a monetary obligation for the sale of real property that is the debtor’s homestead under the laws of this state; or

(d) Accounts and other entitlements set forth in ss. 222.13-222.16, 222.18, and 222.201-222.22.

History.—s. 1, ch. 2001-198; s. 2, ch. 2002-242; s. 1, ch. 2023-266.

F.S. 679.1081 on Google Scholar

F.S. 679.1081 on Casetext

Amendments to 679.1081

Arrestable Offenses / Crimes under Fla. Stat. 679.1081

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 679.1081.

Annotations, Discussions, Cases:

Cases from cite.case.law:

IN RE HINTZE K. M. v. M., 525 B.R. 780 (Bankr. N.D. Fla. 2015)

. . . Stat. § 679.1081 does not contain a consequence for non-compliance. . . . Stat. § 679.1081, it is contained in § 679.2031. . Fed. R. Civ. P. 56(c). . . . . Id. § 679.1081(1) (emphasis added). . Id. § 679.1081(2) (emphasis added). . . . Section 679.1081 sets forth exceptions to this general rule not applicable here. . . . . . § 679.1081(3). . Id. § 679.1081 cmt. 2. . Id. (emphasis added). . Id. § 679.2031. . Richardson v. . . .

LANKHORST, v. INDEPENDENT SAVINGS PLAN COMPANY, d b a ISPC,, 39 F. Supp. 3d 1359 (M.D. Fla. 2014)

. . . . § 679.1081(1). . . .

IN RE LDB MEDIA, LLC, d b a SNN LDB LLC, v. LLC,, 497 B.R. 332 (Bankr. M.D. Fla. 2013)

. . . According to section 679.1081, Florida Statutes, a description of personal property in a security agreement . . . Section 679.1081 then goes on to provide six methods of reasonably identifying collateral: (i) specifically . . .

In MAISON GRANDE CONDOMINIUM ASSOCIATION, INC. a, 425 B.R. 684 (Bankr. S.D. Fla. 2010)

. . . . § 679.1081(3) (“A description of collateral as ‘all the debtor’s assets’ or ‘all of the debtor’s personal . . .

CHARLOTTE DEVELOPMENT PARTNERS, LLC, v. TRICOM PICTURES PRODUCTIONS, INC. a a, 33 So. 3d 690 (Fla. Dist. Ct. App. 2009)

. . . Section 679.1081, Florida Statutes (2008), controls the sufficiency of description of collateral and . . .

L. DICKASON, Jr. d b a v. MARINE NATIONAL BANK OF NAPLES, N. A., 898 So. 2d 1170 (Fla. Dist. Ct. App. 2005)

. . . .” § 679.1081(3), Fla. Stat. (2003). . . .

In MANAGEMENT BY INNOVATION, INC. v., 321 B.R. 742 (Bankr. M.D. Fla. 2005)

. . . and insufficiently describe all of the encumbered collateral in violation of Florida Statute Section 679.1081 . . . Section 679.1081 of the Florida Statutes sets forth the test to determine the sufficiency of the description . . . Section 679.1081(1) provides, in relevant part, that a description of collateral is sufficient if it . . .