{"data":{"id":"us-hi/haw.-rev.-stat.-490-9-622","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 490:9-622","heading":"Effect of acceptance of collateral.","body":"(a) A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:\n\n(1) Discharges the obligation to the extent consented to by the debtor;\n\n(2) Transfers to the secured party all of a debtor's rights in the collateral;\n\n(3) Discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and\n\n(4) Terminates any other subordinate interest.\n\n(b) A subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this article.","path":["Hawaii Code","Division 2","Title 27","Chapter 490"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol11_Ch0476-0490/HRS0490/HRS_0490-0009-0622.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"d10a715fc81f23f6cc7a06dadaac6fc6407d80a273eb12086d9dc57c7e02925a","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-490-9-621","next":"us-hi/haw.-rev.-stat.-490-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}