Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 75 - CEMETERIES AND FUNERAL TRUSTS
Subchapter 6 - TRUST ADMINISTRATION
Section 16-75-42 - Eligible investments; scope
Universal Citation: HI Admin Rules 16-75-42
Current through August, 2024
(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.
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