HRS §39A-298
Special purpose revenue bonds are investment securities
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 registration that are written into the bonds themselves. It is a narrow legal classification rule.
everyone
The statute, as written — 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 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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