§167-9 - Security for funds deposited by board. - Hawaii Statutes

     [§167-9]  Security for funds deposited by board.  The board of agriculture may by resolution provide that all moneys deposited by it shall be secured:

     (1)  By any securities by which funds deposited by the director of finance of the State may be legally secured, as provided in section 38-3; or

     (2)  By an undertaking with such sureties as shall be approved by the board faithfully to keep and pay over upon the order of the board any such deposits and agreed interest thereon, and all banks and trust companies are authorized to give any such security for the deposits. [L 1987, c 306, pt of §1]