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

1. (1) specific listing;
2. (2) category;
3. (3) except as otherwise provided in subsection (e), a type of collateral defined in the Uniform Commercial Code;
4. (4) quantity;
5. (5) computational or allocational formula or procedure; or
6. (6) except as otherwise provided in subsection (c), any other method, if the identity of the collateral is objectively determinable.

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

1. (1) the collateral by those terms or as investment property; or
2. (2) the underlying financial asset or commodity contract.

(e) A description only by type of collateral defined in the Uniform Commercial Code is an insufficient description of:

1. (1) a commercial tort claim; or

2. (2) in a consumer transaction, consumer goods, a security entitlement, a securities account, or a commodity account.

   SUBPART 2. APPLICABILITY OF ARTICLE