Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 38 - SECURITIES - REPEALED
Subchapter 6 - STATEMENTS OF POLICY RELATING TO REGISTRATION OF SECURITIES
Section 16-38-11.6 - Limit of debt securities-interstate offerings
Universal Citation: HI Admin Rules 16-38-11.6
Current through August, 2024
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.
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