Haw. Rev. Stat. § 412:2-506

Current through Chapter 253 of the 2024 Legislative Session

Section 412:2-506 - Charter or license

In any acquisition pursuant to this part, a charter or license shall be required for:

(1) Any Hawaii financial institution resulting from a consolidation of an acquirer with a failing financial institution; and

(2) Any new corporation (except a federal financial institution) formed to merge with or acquire the assets of a failing financial institution pursuant to this chapter, whether or not a provisional approval to organize has been issued to such corporation.

HRS § 412:2-506

L 1993, c 350, pt of §1