Hawaii § 38-5 - Indemnity bond from depository.
Full text of Hawaii Hawaii Revised Statutes § 38-5 — Indemnity bond from depository., with citation guidance and answers to common questions.
§ 38-5. Indemnity bond from depository.
The director with the approval of the governor, shall, if in the director's judgment it appears necessary for the security of the State, require the depository to give indemnity bonds, the sureties on which shall not be interested as stockholders in the depository, to be approved by the governor and director to secure the State against the loss of any depreciation in value that may occur in the bonds held by the director as security for the safekeeping and prompt payment of the money of the State in the depository. [L 1970, c 51, pt of §1; gen ch 1985] Previous Vol01_Ch0001-0042F Next
Frequently Asked Questions About Hawaii § 38-5
What does Hawaii Revised Statutes § 38-5 cover?
Section 38-5 ("Indemnity bond from depository.") is part of the Hawaii Revised Statutes, the codified statutory law of Hawaii. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Hawaii § 38-5?
A common citation format is "Hawaii Revised Statutes § 38-5" (Hawaii). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Hawaii law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Hawaii official source linked on this page or consult a licensed Hawaii attorney.
How does Hawaii § 38-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Hawaii can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Hawaii.