HRS §490:9-202
Ownership of collateral does not change the rules
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
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.