Rules of Court
Receivers, see HRCP rule 66.
§412:2-402 Additional grounds for appointment. The commissioner may also appoint a conservator or receiver to take over the possession and control of any Hawaii financial institution:
(1) Which consents to such appointment by an affirmative vote of a majority of its board of directors, or by a majority vote of its shareholders or members; or
(2) Whose status as an insured institution has been involuntarily terminated by the federal insurer of its deposits or accounts.
An appointment pursuant to this section shall not be subject to judicial review. [L 1993, c 350, pt of §1]
Section: Previous 412-2-311 412-2-312 412-2-313 412-2-314 412-2-315 412-2-400 412-2-401 412-2-402 412-2-403 412-2-404 412-2-405 412-2-406 412-2-407 412-2-408 412-2-409 NextLast modified: October 27, 2016