‘Office Decoration,’ Lamp, Old Phone Among Items Included as Collateral for Loans to Company

posted in: February 2016 | 0

Financing statements filed with the state’s Bureau of Conveyances don’t usually disclose the dollar amounts of loans, but they do serve as a legal notice of a claim on the property used as collateral.

One such statement filed last summer by the Hawai`i Central Federal Credit Union, in Honolulu, has a collateral list that suggests the institution has a claim on every last piece of movable goods in the Hawaiian Legacy Hardwoods office in Umikoa Village, where the company has its headquarters for field operations in Hamakua.

In addition to a list of farm equipment, leasehold improvements . . .

Please sign in to access password-protected articles.

If you do not subscribe and would like to, if you would like to renew your subscription, or if you want to purchase a 2-day pass, please click here.

If you are a current subscriber, but do not yet have an account, please contact us and we will set one up for you.