Tennessee Code Annotated

Tenn. Code Ann. § 47-9-504 (2026)

Indication of collateral

✓ current as of May 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 § 47-9-108; or

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

Acts 2000, ch. 846, § 1.

Notes of Decisions

Cited in 31 cases, 1979–2016 · leading case: Am. City Bank of Tullahoma v. W. Auto Supply Co., 631 S.W.2d 410 (Tenn. Ct. App. 1981).

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Am. City Bank of Tullahoma v. W. Auto Supply Co., 631 S.W.2d 410 (Tenn. Ct. App. 1981). · cites it 11× “We find nothing in the Uniform Commercial Code to prevent a secured creditor from combining a private sale of part of the collateral with an election to retain the remaining collateral in full satisfaction of the indebtedness where circumstances dictate.”

Sparkle Laundry & Cleaners, Inc. v. Kelton, 595 S.W.2d 88 (Tenn. Ct. App. 1979). · cites it 5× “T.C.A. § 47-9-504. Moreover, the preponderance of the evidence shows that it was necessary for plaintiffs to take possession of the swine because defendant had abandoned them and ceased to feed them; many were sick; and most were in such a severely debilitated state that they…”

Trimble v. Sonitrol of Memphis, Inc., 723 S.W.2d 633 (Tenn. Ct. App. 1986). · cites it 10× “Ted Cook, acting for the defendants, did not offer to redeem the collateral or attempt to assist in obtaining the highest price but, instead, as the Chancellor found, went “around attempting to do everything he could to kill this sale.”

Pippin Way, Inc. v. Four Star Music Co. (In Re Four Star Music Co.), 2 B.R. 454 (Bankr. M.D. Tenn. 1979). · cites it 7× “§ 47-2-106; (2) whether Pippin Way purchased the Four Star Music Catalog at a “commercially reasonable” sale as defined by T.C.A. § 47-9-504; and (3) whether Pippin Way was a good faith purchaser for value at that sale.”

Dennis Joslin Co., LLC v. Johnson, 138 S.W.3d 197 (Tenn. Ct. App. 2003). · cites it 2× “Specifically, Johnson argued that FANB failed to provide him notice regarding the disposition of collateral, as required by Tenn. Code Ann. § 47-9-504 (3) (1990). He also argued that FANB failed to sell the collateral for a sufficient amount and that his account was never…”

Marriott Employees' Fed. Credit Union v. Harris, 897 S.W.2d 723 (Tenn. Ct. App. 1994). · cites it 4× “According to T.C.A. § 47-9-504(1), upon default by a debtor, a secured party has the right to sell in a commercially reasonable manner the collateral securing an indebtedness and to apply the proceeds to the indebtedness.”

Farmers & Merchants Bank v. Dyersburg Prod. Credit Ass'n, 728 S.W.2d 10 (Tenn. Ct. App. 1986). · cites it 4× “On November 26, 1985, the Thorn-tons filed a motion to amend the answer to the counter-complaint in order to allege that PCA conducted the sale of the collateral in a commercially unreasonable manner and in violation of T.C.A. § 47-9-504. The court allowed the amendment by order…”

Jahn v. Cohutta Banking Co. (In Re U.S. Ins. Grp., LLC), 429 B.R. 903 (E.D. Tenn. 2010). · cites it 7× “” Tenn.Code Ann. § 47-9-504, Comment 2. The provision referenced in Tenn.”

Lynn v. Fin. Solutions Corp. (In Re Lynn), 173 B.R. 894 (Bankr. M.D. Tenn. 1994). · cites it 8× “Upon repossession of the collateral, T.C.A. § 47-9-504 regulates how the secured party may dispose of the property.”

Regions Bank v. Bric Constructors, LLC, f/k/a Bric Contractors, LLC, & Patricia McIntosh, 380 S.W.3d 740 (Tenn. Ct. App. 2011). · cites it 2× “” Tenn.Code Ann. § 47-9-504. Although the description of the collateral in a security agreement and the description in the UCC-1 financing statement are evaluated under the same guidelines, the requirements for the description in a security agreement are stricter than the…”

Int'l Harvester Credit Corp. v. Ingram, 619 S.W.2d 134 (Tenn. Ct. App. 1981). · cites it 4× “See Comment 1 to T.C.A. 47-9-504. The difference in the sale price and value as shown by the proof, therefore, is a consideration in the inquiry.”

Jackson Cnty. Bank v. Ford Motor Credit Co., 488 F. Supp. 1001 (M.D. Tenn. 1980). · cites it 4× “WERE THE SALES OF THE NEW CAR INVENTORY COMMERCIALLY REASONABLE? T.C.A. § 47-9-504 defines the rights of a secured party to sell collateral after default.”

Show all 31 citing cases →

— Tenn. Code Ann. § 47-9-504(1) — 2 cases

Marriott Employees' Fed. Credit Union v. Harris, 897 S.W.2d 723 (Tenn. Ct. App. 1994). “According to T.C.A. § 47-9-504(1), upon default by a debtor, a secured party has the right to sell in a commercially reasonable manner the collateral securing an indebtedness and to apply the proceeds to the indebtedness.”

Jahn v. Cohutta Banking Co. (In Re U.S. Ins. Grp., LLC), 429 B.R. 903 (E.D. Tenn. 2010). “” Tenn.Code Ann. § 47-9-504, Comment 2. The provision referenced in Tenn.”

— Tenn. Code Ann. § 47-9-504(2) — 2 cases

Long Equip. Co. v. Keeton, 736 S.W.2d 607 (Tenn. Ct. App. 1987).

— Tenn. Code Ann. § 47-9-504(3) — 15 cases

Am. City Bank of Tullahoma v. W. Auto Supply Co., 631 S.W.2d 410 (Tenn. Ct. App. 1981). “We find nothing in the Uniform Commercial Code to prevent a secured creditor from combining a private sale of part of the collateral with an election to retain the remaining collateral in full satisfaction of the indebtedness where circumstances dictate.”

Trimble v. Sonitrol of Memphis, Inc., 723 S.W.2d 633 (Tenn. Ct. App. 1986). “Ted Cook, acting for the defendants, did not offer to redeem the collateral or attempt to assist in obtaining the highest price but, instead, as the Chancellor found, went “around attempting to do everything he could to kill this sale.”

Lynn v. Fin. Solutions Corp. (In Re Lynn), 173 B.R. 894 (Bankr. M.D. Tenn. 1994). “Upon repossession of the collateral, T.C.A. § 47-9-504 regulates how the secured party may dispose of the property.”

Pippin Way, Inc. v. Four Star Music Co. (In Re Four Star Music Co.), 2 B.R. 454 (Bankr. M.D. Tenn. 1979). “§ 47-2-106; (2) whether Pippin Way purchased the Four Star Music Catalog at a “commercially reasonable” sale as defined by T.C.A. § 47-9-504; and (3) whether Pippin Way was a good faith purchaser for value at that sale.”

Cullum & Maxey Camping Ctr., Inc. v. Adams, 640 S.W.2d 22 (Tenn. Ct. App. 1982).

— Tenn. Code Ann. § 47-9-504(4) — 3 cases

Auton's Fine Jewelry & Bridal Ctr., Inc. v. Beckner's, Inc., 707 S.W.2d 539 (Tenn. Ct. App. 1986).

McReynolds v. Cherokee Ins. Co., 815 S.W.2d 201 (Tenn. Ct. App. 1990).

Coy Hardaway v. William Burnett (Tenn. Ct. App. 1997).

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