Charter or license
HRS §412:2-506
in effect412:2-506. 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.
[L 1993, c 350, pt of §1]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: https://www.capitol.hawaii.gov/hrscurrent/Vol08_Ch0401-0429/HRS0412/HRS_0412-0002-0506.htmFetched: 11/10/2026
