§412:2-506 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]
Section: Previous 412-2-421 412-2-500 412-2-501 412-2-502 412-2-503 412-2-504 412-2-505 412-2-506 412-2-507 412-2-508 412-2-509 412-2-510 412-2-511 412-2-512 412-2-600 NextLast modified: October 27, 2016