HRS §490:9-321
Protection for licensees and lessees in normal business deals
This section protects people who get a license or lease in the normal course of business. If they act in good faith and follow usual practices, they can keep their rights even if the person who gave them the license or lease had a security interest on it. This applies even if the security interest was perfected and the licensee or lessee knew about it.
The statute, as written — Licensee of general intangible and lessee of goods in ordinary course of business
(a) In this section, "licensee in ordinary course of business" means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a person in the business of licensing general intangibles of that kind. A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor's own usual or customary practices. (b) A licensee in ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence. (c) A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.