# Haw. Rev. Stat. § 490:8-304: Indorsement

> Hawaii · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A8-304

## Section

- **Citation:** Haw. Rev. Stat. § 490:8-304
- **Heading:** Indorsement
- **Jurisdiction:** Hawaii
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Hawaii Code / Division 2 / Title 27 / Chapter 490 / Section 490:8-304

## Text

(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.

(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.

(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.

(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.

(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.

(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. [L 1997, c 33, pt of §2]

## Nearby sections

- [Haw. Rev. Stat. § 490:1-102 Scope of article.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-102.md)
- [Haw. Rev. Stat. § 490:1-103 Construction of chapter to promote its purposes and policies; applicability of supplemental principles of law.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-103.md)
- [Haw. Rev. Stat. § 490:1-104 Construction against implied repeal.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-104.md)
- [Haw. Rev. Stat. § 490:1-105 Severability.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-105.md)
- [Haw. Rev. Stat. § 490:1-106 Use of singular and plural; gender.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-106.md)
- [Haw. Rev. Stat. § 490:1-107 Section captions.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-107.md)
- [Haw. Rev. Stat. § 490:1-108 Relation to Electronic Signatures in Global and National Commerce Act.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-108.md)
- [Haw. Rev. Stat. § 490:1-202 Notice; knowledge.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-202.md)
- [Haw. Rev. Stat. § 490:1-203 Lease distinguished from security interest.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-203.md)
- [Haw. Rev. Stat. § 490:1-205 Reasonable time; seasonableness.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-205.md)
- [Haw. Rev. Stat. § 490:1-303 Course of performance, course of dealing, and usage of trade.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-303.md)
- [Haw. Rev. Stat. § 490:1-304 Obligation of good faith.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-304.md)
- [Haw. Rev. Stat. § 490:1-305 Remedies to be liberally administered.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-305.md)
- [Haw. Rev. Stat. § 490:1-306 Waiver or renunciation of claim or right after breach.](https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A1-306.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_HI_D2_T27_C490_S490%3A8-304. Check the current official text before relying on it. Not legal advice.