HRS §437-21.1
Auction bond requirements match dealer bond rules
This section says that an auction's bond must be the same amount and follow the same terms and conditions as a new motor vehicle dealer's bond, as set by the motor vehicle industry licensing board. It does not state specific amounts or deadlines.
The statute, as written — Bonds of auctions
The bond of an auction shall be in the same amount and under the same terms and conditions as required for a new motor vehicle dealer in accordance with rules adopted by the motor vehicle industry licensing board.
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