HRS §39A-167
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 commercial code, except for rules about registration. This means they are treated like other investment securities for legal purposes.
The statute, as written — ‑167 Status of special purpose revenue bonds under the 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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