HRS §39A-47
Special purpose revenue bonds treated as investment securities
Read the official text at capitol.hawaii.gov ↗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 the law or the bonds themselves say something different. The only special rule is that the bonds' own registration terms still apply.
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The statute, as written — ‑47 Status of special purpose revenue bonds under Uniform Commercial Code
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.