Security interest arising in purchase or delivery of financial asset

HRS §490:9-206 — under Chapter 490.

HRS §490:9-206

§490:9-206 Security interest arising in purchase or delivery of financial asset. (a) A security interest in favor of a securities intermediary attaches to a person's security entitlement if:

(b) The security interest described in subsection (a) secures the person's obligation to pay for the financial asset.

(c) A security interest in favor of a person that delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if:

(d) The security interest described in subsection (c) secures the obligation to make payment for the delivery. [L 2000, c 241, pt of §1]