HRS §490:9-311
When filing a financing statement is not needed
This section explains when you do not need to file a financing statement to perfect a security interest. It applies to property covered by certain federal or state laws, like vehicle titles. If those laws have their own rules for priority, following those rules is enough. There is an exception for inventory held for sale or lease.
businessesbuyerscreditorsdebtorsfinancial institutions
The statute, as written — Perfection of security interests in property subject to certain statutes, regulations, and treaties
(a) Except as otherwise provided in subsection (d), the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to: (1) A statute, regulation, or treaty of the United States whose requirements for a security interest's obtaining priority over the rights of a lien creditor with respect to the property preempt section 490:9-310(a); (2) Chapter 286; or (3) A statute of another jurisdiction which provides for a security interest to be indicated on a certificate of title as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the property. (b) Compliance with the requirements of a statute, regulation, or treaty described in subsection (a) for obtaining priority over the rights of a lien creditor is equivalent to the filing of a financing statement under this article. Except as otherwise provided in subsection (d) and sections 490:9-313 and 490:9-316(d) and (e) for goods covered by a certificate of title, a security interest in property subject to a statute, regulation, or treaty described in subsection (a) may be perfected only by compliance with those requirements, and a security interest so perfected remains perfected notwithstanding a change in the use or transfer of possession of the collateral. (c) Except as otherwise provided in subsection (d) and section 490:9-316(d) and (e), duration and renewal of perfection of a security interest perfected by compliance with the requirements prescribed by a statute, regulation, or treaty described in subsection (a) are governed by the statute, regulation, or treaty. In other respects, the security interest is subject to this article. (d) During any period in which collateral subject to a statute specified in subsection (a)(2) is inventory held for sale or lease by a person or leased by that person as lessor and that person is in the business of selling goods of that kind, this section does not apply to a security interest in that collateral created by that person.
Sections this one refers to
§490:9-310 When you must file a financing statement to protect your security interest
§490:9-313 How a lender can perfect a security interest by holding collateral
§490:9-316 What happens to a security interest when the debtor or collateral moves
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.