GroundRules
Haw. Rev. Stat. § 412:5-405: Termination of authority of intra-Pacific bank holding company.
Where this section sits in the code
- Hawaii Code
- Division 2
- Title 22
- Chapter 412
(a) A financial institution holding company ceases to be an intra-Pacific bank holding company at such time as it no longer meets the definition of an intra-Pacific bank holding company under section 412:5-400.
(b) A financial institution holding company which loses its status as an intra-Pacific bank holding company shall immediately divest itself of its direct or indirect control of any financial institution subsidiary chartered or approved by this State. Failure to accomplish such divestiture within thirty days after termination of its intra-Pacific bank holding company status shall be grounds for the suspension or revocation of the financial institution subsidiary's charter or approval.
Collected 2026-09-14T18:32:11Z. Source file · JSON
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