HRS §490:9-306.6
Which state's law controls security interests in digital records
This section says which state's law applies to security interests in certain digital records and related accounts. Generally, the law of the state where the electronic record is considered located controls. But for filing or automatic perfection from a sale, the law of the debtor's location controls.
buyerscreditorsdebtorsfinancial institutions
The statute, as written — Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles
(a) Except as provided in subsection (b), the local law of the controllable electronic record's jurisdiction specified in sections 490:12-107(c) and (d) shall govern perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record. (b) The local law of the jurisdiction in which the debtor is located shall govern: (1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and (2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.
Sections this one refers to
§490:12-107 Which state's law applies to an electronic record
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