HAR §16-106-42. Cancellation of bond

(a) A surety company may cancel the bond by giving thirty days notice in writing to the director and to the time share owners association; provided that cancellation of the bond shall not relieve a surety company from liability for any cause of action arising out of acts which may have occurred during the period of the bond. (b) A registrant who has filed a cash bond may cancel the bond by giving thirty days notice in writing to the director; provided that the security for the bond shall not be returned for a period of six years after the effective date of cancellation of the bond. [Eff 11/15/80; am and comp 3/28/85; am and comp 8/30/85; comp 11/29/85; am and comp 6/5/87; comp 3/7/88; comp 9/15/90] (Auth: HRS §514E-13) (Imp: HRS §514E-10) SUBCHAPTER 12 COUNTY ZONING REGULATIONS