HRS §206M-14
Special purpose revenue bonds treated as investment securities
This section says that special purpose revenue bonds issued under this chapter are considered investment securities under Hawaii's Uniform Commercial Code, except for rules about registration. This means the bonds are treated like other investment securities for legal purposes.
The statute, as written — Status of special purpose revenue bonds under the Uniform Commercial Code
Notwithstanding any of the provisions of this chapter or any recital in any special purpose revenue bond issued under this chapter, all such special purpose revenue bonds shall be deemed to be investment securities under the Uniform Commercial Code, chapter 490, subject only to the provisions of the special purpose revenue bonds pertaining to registration.
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