Public-domain · open source

Haw. Rev. Stat. § 490:9-306.6

Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles

Known as the Uniform Commercial Code

The act spans §§ 490:10-101 to 490:9-809 (641 sections).

L 2023, c 132, pt of §1

(a) Except as provided in subsection (b), the local law of the controllable electronic record's jurisdiction specified in sections 490:12-107(c) and (d) shall govern perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.

(b) The local law of the jurisdiction in which the debtor is located shall govern:

(1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and

(2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.

Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.