[§412:13-210] Separate assets. (a) Each foreign bank that is licensed to establish and maintain a Hawaii state branch or Hawaii state agency in this State shall keep the assets of its business in this State separate and apart from the assets of its business outside this State.
(b) The creditors of a foreign bank arising out of transactions with, and recorded on the books of, its Hawaii state branch or Hawaii state agency shall be entitled to absolute preference and priority over the creditors of the foreign bank's offices located outside this State with respect to the assets of the foreign bank in this State. [L 1996, c 155, pt of §2]
Section: Previous 412-13-203 412-13-204 412-13-205 412-13-206 412-13-207 412-13-208 412-13-209 412-13-210 412-13-211 412-13-212 412-13-213 412-13-214 412-13-215 412-13-216 412-13-217 NextLast modified: October 27, 2016