Haw. Rev. Stat. § 412:5-101

Current through the 2024 Legislative Session
Section 412:5-101 - Necessity for bank charter

Except as expressly permitted by federal law or this chapter, no person shall engage in any activity for which a charter to operate as a bank is required by this chapter, including without limitation the solicitation, acceptance, and holding of deposits in the State, the use of the term "bank", or the exercise of such other powers or privileges restricted to banks under applicable law unless it is a corporation incorporated in this State and has such a charter.

HRS § 412:5-101

L 1993, c 350, pt of §1; am L 2002, c 40, §29 .