Haw. Rev. Stat. § 174-9
This is the official text of Haw. Rev. Stat. § 174-9, part of Hawaii’s Rev. Stat — part of the compiled statutory law of Hawaii, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Security for funds deposited by board.
Official statutory text
The board of land and natural resources may by resolution provide that all moneys deposited by it shall be secured:
(1) By any securities by which funds deposited by the director of finance of the State may be legally secured, as provided in section 38-3; or
(2) By an undertaking with such sureties as shall be approved by the board faithfully to keep and pay over upon the order of the board any such deposits and agreed interest thereon, and all banks and trust companies are authorized to give any such security for the deposits. [L 1961, c 166, pt of §3; am L 1963, c 114, §1; Supp, §86-8; HRS §174-9]
Revision Note
Section "38-3" substituted for "38-2".
(1) By any securities by which funds deposited by the director of finance of the State may be legally secured, as provided in section 38-3; or
(2) By an undertaking with such sureties as shall be approved by the board faithfully to keep and pay over upon the order of the board any such deposits and agreed interest thereon, and all banks and trust companies are authorized to give any such security for the deposits. [L 1961, c 166, pt of §3; am L 1963, c 114, §1; Supp, §86-8; HRS §174-9]
Revision Note
Section "38-3" substituted for "38-2".
Status: in_force · Read it on the official government site
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