HRS §39A-127
How special purpose revenue bonds are treated under commercial law
This section says that special purpose revenue bonds issued under this part are considered investment securities under Hawaii's Uniform Commercial Code. This applies even if other parts of this law or the bonds themselves say something different. The only exception is rules about how the bonds are registered.
financial institutions
The statute, as written — ‑127 Status of special purpose revenue bonds under Uniform Commercial Code
Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, 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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