§516-43  Security for funds deposited.  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 section 38-3; or

     (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. [L 1967, c 307, §32; HRS §516-43; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 1997, c 350, §14; am L 2005, c 196, §26(b); am L 2006, c 180, §16; am L 2018, c 18, §38]