The Hawaii housing finance and development corporation, by resolution, may provide that all moneys deposited by it shall be secured by:

(1) Any securities by which funds deposited by the state director of finance may be legally secured as provided in § 38-3; or
lease

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Terms Used In Hawaii Revised Statutes 516-43

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: means the Hawaii housing finance and development corporation created by chapter 201H. See Hawaii Revised Statutes 516-1
(2) An undertaking with sureties as are approved by the corporation faithfully to keep and pay over upon the order of the corporation any deposits and agreed interest thereon, and all banks and trust companies may give any security for those deposits.

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