2012 Hawaii Revised Statutes
TITLE 22. BANKS AND FINANCIAL INSTITUTIONS
412. Code of Financial Institutions
412:10-307 Trust accounts.


HI Rev Stat § 412:10-307 (2012) What's This?

§412:10-307 Trust accounts. (a) Share and deposit accounts may be owned by a member in trust for a beneficiary.

(b) Beneficiaries may be minors, but no beneficiary unless a member in that person's own right, shall be permitted to vote, obtain loans, hold office or be required to pay a membership fee. [L 1993, c 350, pt of §1]

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