2012 Hawaii Revised Statutes
TITLE 22. BANKS AND FINANCIAL INSTITUTIONS
412. Code of Financial Institutions
412:10-310 Dormant accounts.
§412:10-310 Dormant accounts. (a) If there has been no activity on a share or deposit account for one year, the credit union may impose a reasonable maintenance fee.
(b) Share and deposit accounts, dividends, interest and other sums due or standing in the name of a member or other person and held by the credit union are presumed abandoned unless the member or other person has, within five years:
(1) Increased or decreased the amount of the funds or presented an appropriate record for the crediting of dividends or interest;
(2) Corresponded in writing with the credit union concerning the funds; or
(3) Otherwise indicated an interest in the funds as evidenced by a memorandum on file with the credit union. [L 1993, c 350, pt of §1]
Disclaimer: These codes may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
