HAR §16-75-42. Eligible investments; scope

(a) The trust company or bank designated as trustee shall invest in and shall hold as assets only allowable investments as provided in section 441-41(a), HRS. A board designated as trustee shall invest in and shall hold as assets only allowable investments as provided in section 16-75-43. (b) No security or other investment shall be eligible for purchase or acquisition under section 16-75-43, unless it is interest bearing or interest accruing or dividend or income paying. [Eff 11/19/87; comp 1/21/92] (Auth: HRS §441- 19) (Imp: HRS §441-41)