← Back to search
HRS §490:9-309When a security interest is automatically perfected
This section lists situations where a security interest is perfected as soon as it attaches, without filing. It covers certain consumer purchases, assignments, sales of payment rights, and other specific cases. If your situation is not listed, you may need to file to perfect.
borrowersbusinessesbuyerscreditorsdebtorsfinancial institutions
The statute, as written — Security interest perfected upon attachment
The following security interests are perfected when they attach: (1) A purchase-money security interest in consumer goods, except as otherwise provided in section 490:9-311(b) with respect to consumer goods that are subject to a statute or treaty described in section 490:9-311(a); (2) An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles; (3) A sale of a payment intangible; (4) A sale of a promissory note; (5) A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services; (6) A security interest arising under section 490:2-401, 490:2-505, 490:2-711(3), or 490:2A-508(e), until the debtor obtains possession of the collateral; (7) A security interest of a collecting bank arising under section 490:4-210; (8) A security interest of an issuer or nominated person arising under section 490:5-118; (9) A security interest arising in the delivery of a financial asset under section 490:9-206(c); (10) A security interest in investment property created by a broker or securities intermediary; (11) A security interest in a commodity contract or a commodity account created by a commodity intermediary; (12) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; (13) A security interest created by an assignment of a beneficial interest in a decedent's estate; and (14) A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026 Sections this one refers to
§490:2-401 When ownership of goods passes from seller to buyer
§490:4-210 Bank's rights in checks and related documents
§490:5-118 When a bank or issuer gets a security interest in a letter of credit document
§490:9-206 When a security interest attaches to a financial asset
§490:9-311 When filing a financing statement is not needed
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.