Hawaii Introduces the 2010 Amendments to UCC Article 9

January 27, 2012

The Hawaii House introduced legislation on Friday, January 20, 2012 to enact the 2010 Amendments to U.C.C. Article 9.  House Bill 2162 adopts the Alternative A “Only If” approach for individual debtor name sufficiency in Section 9-503(a)(4).  Section 9-521 sets forth the text of the safe harbor forms, but does not incorporate images.  If enacted, the law will take effect on the uniform effective date of July 1, 2013. 

House Bill 2162 did not include any significant non-uniform departures from the official text of the 2010 Amendments.  However, as with any proposed law, that could change through amendments at any point during the legislative process.  CSC will continue to provide updates of any significant developments with all state Article 9 legislation.