HRS §39A-328
Special purpose revenue bonds are investment securities
This section says that special purpose revenue bonds count as investment securities under Hawaii's Uniform Commercial Code, no matter what else this part or the bonds say. The only exception is rules about registering the bonds. It is a narrow legal classification rule.
everyone
The statute, as written — 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 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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