Current through the 2024 Legislative Session
Section 412:2-506 - Charter or licenseIn 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.