HRS §490:8-301
When delivery of a security happens
Read the official text at capitol.hawaii.gov ↗This section says when a security is legally handed over to a buyer. For paper certificates, it happens when the buyer gets the certificate, or someone else holds it for them, with special rules for brokers. For electronic securities, it happens when the buyer is registered as owner or someone holds it for them.
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The statute, as written — Delivery
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.
(a) Delivery of a certificated security to a purchaser occurs when: (1) The purchaser acquires possession of the security certificate; (2) Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or (3) A securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is: (A) Registered in the name of the purchaser; (B) Payable to the order of the purchaser; or (C) Specially indorsed to the purchaser by an effective indorsement and has not been indorsed to the securities intermediary or in blank. (b) Delivery of an uncertificated security to a purchaser occurs when: (1) The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or (2) Another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously become the registered owner, acknowledges that it holds for the purchaser.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.