(a) Except as provided in this part, article 9 as amended by Act, Session Laws of Hawaii 2023, and article A shall apply to a transaction, lien, or other interest in property, regardless of whether the transaction, lien, or interest was entered into, created, or acquired before the effective date of this article.
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Terms Used In Hawaii Revised Statutes 490:12-301

  • Lien: A claim against real or personal property in satisfaction of a debt.
(b) Except as provided in subsection (c) and sections 490:12-302 through 490:12-306:

(1) A transaction, lien, or interest in property that was validly entered into, created, or transferred before the effective date of this article and was not governed by this chapter, but would be subject to article 9, as amended by Act, Session Laws of Hawaii 2023, or article A if it had been entered into, created, or transferred on or after the effective date of this article, including the rights, duties, and interests flowing from the transaction, lien, or interest, shall remain valid on and after the effective date of this article; and
(2) The transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by this article or by the law that would apply if this article had not taken effect.
(c) This article shall not affect an action, case, or proceeding commenced before the effective date of this article.

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