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2013 Hawaii Revised Statutes
TITLE 22. BANKS AND FINANCIAL INSTITUTIONS
412. Code of Financial Institutions
412:3-614 Sale or transfer of charter or license prohibited.


HI Rev Stat § 412:3-614 (2013) What's This?

§412:3-614 Sale or transfer of charter or license prohibited. No Hawaii financial institution may sell, transfer, or otherwise dispose of any charter, license, approval, or any other right or privilege granted under this chapter, unless the sale, transfer, or disposition is part of a conversion, merger, consolidation, sale, assumption or acquisition of control permitted under this part. Any attempted sale, transfer, or disposition in violation of this section shall be null, void, and unenforceable. [L 1993, c 350, pt of §1]

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