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NC General Statutes

N.C. Gen. Stat. § 25-9-504 (2026)

Indication of collateral

✓ current as of July 2026
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A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:

(1) A description of the collateral pursuant to G.S. 25-9-108; or

(2) An indication that the financing statement covers all assets or all personal property. (1899, cc. 17, 247; 1901, cc. 329, 704; 1903, c. 489; 1905, cc. 226, 319; Rev., s. 2055; 1907, c. 843; 1909, c. 532; P.L. 1913, c. 49; C.S., s. 2490; 1925, c. 285, s. 1; 1931, c. 196; 1933, c. 101, s. 6; 1945, c. 182, s. 2; c. 196, s. 2; 1951, c. 926, s. 1; 1955, c. 386, s. 1; 1957, c. 564; 1961, c. 574; 1965, c. 700, s. 1; 1969, c. 1115, s. 1; 1975, c. 862, s. 7; 1983 (Reg. Sess., 1984), c. 1116, s. 43; 1989, c. 523, s. 7; 2000-169, s. 1.)

 

Notes of Decisions
Cited in 33 cases, 1967–1999 · leading case: Roberts v. First-Citizens Bank & Trust Co., 478 S.E.2d 809 (N.C. Ct. App. 1996).
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Roberts v. First-Citizens Bank & Trust Co., 478 S.E.2d 809 (N.C. Ct. App. 1996). · cites it 28× “25-9-505, its conclusion that notice was required is nonetheless correct since notice is mandated by G.S. 25-9-504, which states in part: A secured party after default may sell, lease or otherwise dispose of any or all of the collateral in its then condition or following any…”
Gregory Poole Equip. Co. v. Murray, 414 S.E.2d 563 (N.C. Ct. App. 1992). · cites it 22× “Sale or other disposition may be as a unit or in parcels and at any time and place and on any terms but every aspect of the disposition including the method, manner, time, place and terms must be commercially reasonable.”
Shields v. Bobby Murray Chevrolet, Inc., 261 S.E.2d 238 (N.C. Ct. App. 1980). · cites it 30× “" Under G.S. 25-9-504, "[a] secured party after default may sell, lease, or otherwise dispose of any or all of the collateral.”
Borg-Warner Acceptance Corp. v. Johnston, 389 S.E.2d 429 (N.C. Ct. App. 1990). · cites it 8× “See G.S. § 25-9-504(1)(a), (b), G.S. § 25-9-504(2).”
NationsBank of North Carolina, N.A. v. Am. Doubloon Corp., 481 S.E.2d 387 (N.C. Ct. App. 1997). · cites it 5× “N.C. Gen. Stat. § 25-9-504 (1) (1995) provides that “[a] secured party after default may sell, lease or otherwise dispose of any or all of the collateral.”
Church v. Mickler, 287 S.E.2d 131 (N.C. Ct. App. 1982). · cites it 5× “Defendants allege in their first, third and fourth assignments of error that the court erred in (1) failing to grant summary judgment in favor of defendants on the ground that plaintiff’s failure to give them notice of sale pursuant to G.S. 25-9-504(3) barred plaintiff’s right…”
Don Jenkins & Son Ford-Mercury, Inc. v. Catlette, 297 S.E.2d 409 (N.C. Ct. App. 1982). · cites it 5× “25-9-507(2) helps in the determination: *484 The fact that a better price could have been obtained by a sale at a different time or in a different method from that selected by the secured party is not of itself sufficient to establish that the sale was not made in a commercially…”
Wood v. Provident Fin. Co. (In Re Wood), 13 B.R. 245 (Bankr. E.D.N.C. 1981). · cites it 6× “” A secured party after default may sell the collateral pursuant to N.C.G.S. § 25-9-504 which provides that disposition may be by public or private proceedings.”
ITT-Indus. Credit Co. v. Milo Concrete Co., 229 S.E.2d 814 (N.C. Ct. App. 1976). · cites it 2× “G.S. 25-9-504(3) provides in pertinent part: “Disposition of the collateral may be by public or private proceedings and may be made by way of one or more contracts.”
Hodges v. Norton, 223 S.E.2d 848 (N.C. Ct. App. 1976). · cites it 2× “G.S. 25-9-504(3) reads in part: “Disposition of the collateral may be by public or private proceedings and may be made by way of one or more contracts.”
Allis-Chalmers Corp. v. Davis, 245 S.E.2d 566 (N.C. Ct. App. 1978). · cites it 3× “G.S. 25-9-504 provides in part that “(1) [a] secured party after default may sell .”
Joyce v. Clover-Brook Homes, Inc., 344 S.E.2d 58 (N.C. Ct. App. 1986). · cites it 8× “25-9-504(3) requires that “reasonable notification of the time and place of any public sale or reasonable notification of the time after which any private sale or other intended disposition is to be made shall be sent by the secured party to the debtor.”
Show all 33 citing cases →
— N.C. Gen. Stat. § 25-9-504(1) — 4 cases
Roberts v. First-Citizens Bank & Trust Co., 478 S.E.2d 809 (N.C. Ct. App. 1996). “25-9-505, its conclusion that notice was required is nonetheless correct since notice is mandated by G.S. 25-9-504, which states in part: A secured party after default may sell, lease or otherwise dispose of any or all of the collateral in its then condition or following any…”
NationsBank of North Carolina, N.A. v. Am. Doubloon Corp., 481 S.E.2d 387 (N.C. Ct. App. 1997). “N.C. Gen. Stat. § 25-9-504 (1) (1995) provides that “[a] secured party after default may sell, lease or otherwise dispose of any or all of the collateral.”
First Union Nat'l Bank of North Carolina v. Tectamar, Inc., 235 S.E.2d 894 (N.C. Ct. App. 1977).
City Fin. Co. v. Massey Motor Co., 383 S.E.2d 454 (N.C. Ct. App. 1989).
— N.C. Gen. Stat. § 25-9-504(1)(a) — 1 case
Borg-Warner Acceptance Corp. v. Johnston, 389 S.E.2d 429 (N.C. Ct. App. 1990). “See G.S. § 25-9-504(1)(a), (b), G.S. § 25-9-504(2).”
— N.C. Gen. Stat. § 25-9-504(1)(a)(b) — 1 case
Gregory Poole Equip. Co. v. Murray, 414 S.E.2d 563 (N.C. Ct. App. 1992). “Sale or other disposition may be as a unit or in parcels and at any time and place and on any terms but every aspect of the disposition including the method, manner, time, place and terms must be commercially reasonable.”
— N.C. Gen. Stat. § 25-9-504(2) — 2 cases
Borg-Warner Acceptance Corp. v. Johnston, 389 S.E.2d 429 (N.C. Ct. App. 1990). “See G.S. § 25-9-504(1)(a), (b), G.S. § 25-9-504(2).”
Don Jenkins & Son Ford-Mercury, Inc. v. Catlette, 297 S.E.2d 409 (N.C. Ct. App. 1982). “25-9-507(2) helps in the determination: *484 The fact that a better price could have been obtained by a sale at a different time or in a different method from that selected by the secured party is not of itself sufficient to establish that the sale was not made in a commercially…”
— N.C. Gen. Stat. § 25-9-504(3) — 16 cases
Gregory Poole Equip. Co. v. Murray, 414 S.E.2d 563 (N.C. Ct. App. 1992). “Sale or other disposition may be as a unit or in parcels and at any time and place and on any terms but every aspect of the disposition including the method, manner, time, place and terms must be commercially reasonable.”
Roberts v. First-Citizens Bank & Trust Co., 478 S.E.2d 809 (N.C. Ct. App. 1996). “25-9-505, its conclusion that notice was required is nonetheless correct since notice is mandated by G.S. 25-9-504, which states in part: A secured party after default may sell, lease or otherwise dispose of any or all of the collateral in its then condition or following any…”
Church v. Mickler, 287 S.E.2d 131 (N.C. Ct. App. 1982). “Defendants allege in their first, third and fourth assignments of error that the court erred in (1) failing to grant summary judgment in favor of defendants on the ground that plaintiff’s failure to give them notice of sale pursuant to G.S. 25-9-504(3) barred plaintiff’s right…”
Shields v. Bobby Murray Chevrolet, Inc., 261 S.E.2d 238 (N.C. Ct. App. 1980). “" Under G.S. 25-9-504, "[a] secured party after default may sell, lease, or otherwise dispose of any or all of the collateral.”
ITT-Indus. Credit Co. v. Milo Concrete Co., 229 S.E.2d 814 (N.C. Ct. App. 1976). “G.S. 25-9-504(3) provides in pertinent part: “Disposition of the collateral may be by public or private proceedings and may be made by way of one or more contracts.”
— N.C. Gen. Stat. § 25-9-504(4) — 2 cases
Shields v. Bobby Murray Chevrolet, Inc., 261 S.E.2d 238 (N.C. Ct. App. 1980). “" Under G.S. 25-9-504, "[a] secured party after default may sell, lease, or otherwise dispose of any or all of the collateral.”
Allis-Chalmers Corp. v. Davis, 245 S.E.2d 566 (N.C. Ct. App. 1978). “G.S. 25-9-504 provides in part that “(1) [a] secured party after default may sell .”
— N.C. Gen. Stat. § 25-9-504(5) — 2 cases
Shields v. Bobby Murray Chevrolet, Inc., 261 S.E.2d 238 (N.C. Ct. App. 1980). “" Under G.S. 25-9-504, "[a] secured party after default may sell, lease, or otherwise dispose of any or all of the collateral.”
Joyce v. Clover-Brook Homes, Inc., 344 S.E.2d 58 (N.C. Ct. App. 1986). “25-9-504(3) requires that “reasonable notification of the time and place of any public sale or reasonable notification of the time after which any private sale or other intended disposition is to be made shall be sent by the secured party to the debtor.”
— N.C. Gen. Stat. § 25-9-504(l)(a) — 1 case
Gregory Poole Equip. Co. v. Murray, 414 S.E.2d 563 (N.C. Ct. App. 1992). “Sale or other disposition may be as a unit or in parcels and at any time and place and on any terms but every aspect of the disposition including the method, manner, time, place and terms must be commercially reasonable.”
— N.C. Gen. Stat. § 25-9-504(l)(a)(b) — 1 case
Borg-Warner Acceptance Corp. v. Johnston, 389 S.E.2d 429 (N.C. Ct. App. 1990). “See G.S. § 25-9-504(1)(a), (b), G.S. § 25-9-504(2).”
— N.C. Gen. Stat. § 25-9-504(l)(c) — 1 case
City Fin. Co. v. Massey Motor Co., 383 S.E.2d 454 (N.C. Ct. App. 1989).
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.