HRS §516-172
Loans; sale, pledge, or assignment
This section lets the corporation sell, pledge, or assign its loans and related property, but only if its revenue bond agreements allow it. The corporation decides the price and terms. It is a narrow rule about what the corporation may do with its loans.
everyone
The statute, as written — Loans; sale, pledge, or assignment
(a) Subject to any agreement with the holders of its revenue bonds, the corporation may sell its loans at public or private sale at a price and upon terms and conditions as it determines. (b) Subject to any agreement with the holders of its revenue bonds, the corporation may pledge or assign its loans, other agreements, notes, or property to secure the loans or agreements.
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