A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) a description of the collateral pursuant to Section
36-9-108; or
(2) an indication that the financing statement covers all assets or all personal property.
2001 Act No. 67, Section 12; 1988 Act No. 494, Section 5; 1966 (54) 2716; 1962 Code Section 10.9-504.