HRS §490:9-202
Ownership of collateral does not change the rules
Read the official text at capitol.hawaii.gov ↗This section says that the rules in this article apply the same way whether the secured party or the debtor holds title to the collateral. There are a few exceptions for consignments and sales of certain types of property. Overall, it clarifies that ownership is not the deciding factor for rights and duties.
debtors
The statute, as written — Title to collateral immaterial
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.
Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this article with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.