Funds Transfers (UCC Article 4A) 

Hawaii Revised Statutes > Division 2 > Title 27 > Chapter 490 > Article 4A > Part 5 > § 490:5-118 - Security interest of issuer or nominated person

     (b)  So long as and to the extent that an issuer or nominated person has not been reimbursed or has not otherwise recovered the value given with respect to a security interest in a document under subsection (a), the security interest continues and is subject to article 9, but:

     (1)  A security agreement is not necessary to make the security interest enforceable under section 490:9-203(b)(3);

     (2)  If the document is presented in a medium other than a written or other tangible medium, the security interest is perfected; and

     (3)  If the document is presented in a written or other tangible medium and is not a certificated security, chattel paper, a document of title, an instrument, or a letter of credit, the security interest is perfected and has priority over a conflicting security interest in the document so long as the debtor does not have possession of the document.

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Hawaii Laws: Funds Transfers (UCC Article 4A)

Hawaii Revised Statutes Chapter 490 > Article 4A - Funds Transfers

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 1 - Subject Matter and Definitions

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 2 - Issue and Acceptance of Payment Order

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 3 - Execution of Sender's Payment Order by Receiving Bank

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 4 - Payment

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 5 - Miscellaneous Provisions

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