HRS §39A-87
Special purpose revenue bonds are investment securities
This section says that special purpose revenue bonds issued under this part count as investment securities under Hawaii's Uniform Commercial Code. The only special rule is that the bonds' own registration terms still apply. This is a narrow legal classification, not a general rule about how bonds work.
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The statute, as written — ‑87 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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