Haw. Rev. Stat. § 412:3-600

Current through Chapter 253 of the 2024 Legislative Session

Section 412:3-600 - Applicability of this part

This part applies to:

(1) The conversion, merger, consolidation, acquisition of assets or assumption of liabilities or deposits, acquisition of control, voluntary cessation of business, or voluntary dissolution involving a Hawaii financial institution;

(2) The merger, consolidation, or acquisition of control of a financial institution holding company which controls:

(A) A Hawaii financial institution; and

(B) To the extent permitted by federal law, a federal financial institution whose operations are principally conducted in this State; and

(3) All persons who seek to merge or consolidate with, acquire the assets or assume the liabilities of, or acquire control of:

(A) A Hawaii financial institution;

(B) A financial institution holding company which controls a Hawaii financial institution; and

(C) To the extent permitted by federal law, a financial institution holding company which controls a federal financial institution whose operations are principally conducted in this State.

HRS § 412:3-600

L 1993, c 350, pt of §1; am L 1994, c 107, §10; am L 1998, c 39, §1