{"data":{"id":"us-hi/haw.-rev.-stat.-490-8-304","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 490:8-304","heading":"Indorsement.","body":"(a) An indorsement may be in blank or special. An indorsement in blank includes an indorsement to bearer. A special indorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank indorsement to a special indorsement.\n\n(b) An indorsement purporting to be only of part of a security certificate representing units intended by the issuer to be separately transferable is effective to the extent of the indorsement.\n\n(c) An indorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the indorsement is on a separate document, until delivery of both the document and the certificate.\n\n(d) If a security certificate in registered form has been delivered to a purchaser without a necessary indorsement, the purchaser may become a protected purchaser only when the indorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary indorsement supplied.\n\n(e) An indorsement of a security certificate in bearer form may give notice of an adverse claim to the certificate, but it does not otherwise affect a right to registration that the holder possesses.\n\n(f) Unless otherwise agreed, a person making an indorsement assumes only the obligations provided in section 490:8-108 and not an obligation that the security will be honored by the issuer.","path":["Hawaii Code","Division 2","Title 27","Chapter 490"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol11_Ch0476-0490/HRS0490/HRS_0490-0008-0304.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"5d495c0da80dc563bdbdf6eae40d8bba72b3ca357dfa5a69398ebf76a3321715","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-490-8-303","next":"us-hi/haw.-rev.-stat.-490-8-305"},"notice":"GroundRules: Original legal text. Not legal advice."}