HAR §16-38-11.6
HAR §16-38-11.6. Limit of debt securities-interstate offerings
Cite as Haw. Code R. § 16-38-11.6
The total amount of
unsecured interest-bearing securities, excluding investment certificates, that may be
registered or may be outstanding at any time shall not exceed five times the net worth of
the issuer; provided that, if the issuer maintains reserves to pay for securities as they
become due, the reserves may be included in determining the ratio. [Eff 6/4/70; am
8/8/71; am and ren §16-38-11, 7/30/81; am, ren §16-38-11.6 and comp 10/12/85;
am and comp 4/14/03] (Auth: HRS §485-2) (Imp: HRS §§485-2, 485-10)