HRS §490:9-702
Old transactions still follow the new rules
This section says that the new secured transactions law applies to deals and liens made before it took effect, unless the law says otherwise. Old valid deals stay valid and can be finished or enforced under the new law or the old law. Lawsuits started before the new law are not affected.
courtscreditorsdebtors
The statute, as written — Savings clause
(a) Except as otherwise provided in this part, this article applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this article takes effect. (b) Except as otherwise provided in subsection (c) and sections 490:9-703 through 490:9-709: (1) Transactions and liens that were not governed by former article 9, were validly entered into or created before this article takes effect, and would be subject to this article if they had been entered into or created after this article takes effect, and the rights, duties, and interests flowing from those transactions and liens, remain valid after this article takes effect; and (2) The transactions and liens may be terminated, completed, consummated, and enforced as required or permitted by this article or by the law that otherwise would apply if this article had not taken effect. (c) This article does not affect an action, case, or proceeding commenced before this article takes effect.
Sections this one refers to
§490:9-703 Old security interests stay valid when the new law starts
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.