Haw. Rev. Stat. § 412:9-410

Current through Chapter 253 of the 2024 Legislative Session

Section 412:9-410 - Deposits made by depository financial services loan companies

A depository financial services loan company may deposit any of its funds with:

(1) A Federal Reserve Bank or a Federal Home Loan Bank in any amount; or

(2) Another depository institution; provided that the deposits in any one depository institution do not exceed twenty-five per cent of the depository financial services loan company's capital and surplus, unless otherwise permitted by federal law.

HRS § 412:9-410

L 1993, c 350, pt of §1; am L 1994, c 107, §17