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HRS §490:9-505

Filing rules for consignments, leases, and similar deals

This section lets people who hand over goods or rights, like consignors, lessors, or buyers of payment rights, file a financing statement using their own role names instead of the usual secured party and debtor terms. It also says that filing or complying with other laws does not by itself prove a security interest exists, but if one does exist, the filing perfects it.

buyersdebtors

The statute, as written — Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions

(a) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in section 490:9-311(a), using the terms "consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "licensor", "licensee", "owner", "registered owner", "buyer", "seller", or words of similar import, instead of the terms "secured party" and "debtor". (b) This part applies to the filing of a financing statement under subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement under section 490:9-311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§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.