HRS §39A-237
Status of special purpose revenue bonds under the Uniform Commercial Code
This section says that special purpose revenue bonds issued under this part are treated as investment securities under Hawaii's Uniform Commercial Code, except for rules about how they are registered. It is a narrow legal classification rule.
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The statute, as written — ‑237] 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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