In the Matter of H. L. Bennett Co., Bankrupt. Appeal of First Pennsylvania Bank, N.A

OPINION OF THE COURT

JAMES HUNTER, III, Circuit Judge:

This appeal requires us to interpret UCC section 9-402(1) (Pa.Stat.Ann. tit. 12A, § 9-402(1) (Purdon 1970)), which states in pertinent part that “[a] financing statement is sufficient if it . . . contains a statement indicating the types, or describing the items, of collateral.” 1 The Bankruptcy Court held that a financing statement describing the collateral for a note as “[a]ll assets as contained in the security agreement (installment note) executed even date herewith” did not satisfy the requirements of section 9-402(1). The district…