Hawaii Revised Statutes 356D-55 – Existing contracts not impaired
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Terms Used In Hawaii Revised Statutes 356D-55
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Sections 356D-52 and lien, notice, etc” class=”unlinked-ref” datatype=”S” sessionyear=”2019″ statecd=”HI”>356D-53 shall not be construed as to impair or affect the obligation of any contract existing on or before May 9, 1949.