HRS §490:9-107.6
No duty to confirm control of collateral
This section says that a person who has control of collateral under certain rules does not have to say they have it for someone else. If they do say they have or will get control, they owe no duty to that person and do not have to confirm it to anyone else, unless they agree or other law says otherwise.
creditorsdebtorsfinancial institutions
The statute, as written — No requirement to acknowledge or confirm; no duties
(a) A person having control under section 490:9-104, 490:9-105, or 490:9-105.5 shall not be required to acknowledge that it has control on behalf of another person. (b) If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or law other than this article otherwise provides, the person shall not owe any duty to the other person and shall not be required to confirm the acknowledgment to any other person.
Sections this one refers to
§490:9-104 When a lender controls a bank account
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.