[§201H-78] Security for funds deposited by the corporation.
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/hi/201h-78A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§201H-78] Security for funds deposited by the corporation. The corporation may by resolution provide that all moneys deposited by it shall be secured by:
(1)Any securities by which funds deposited by the 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 are authorized to give any such security for those deposits. [L 2006, c 180, pt of §4]