{"data":{"id":"us-hi/haw.-rev.-stat.-412-2-507","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 412:2-507","heading":"Expedited approvals.","body":"If the commissioner finds that immediate action is necessary in order to prevent the probable failure of the Hawaii financial institution, as determined by section 412:2-501, the commissioner shall have the power to issue an expedited approval authorizing the following:\n\n(1) In the case of a Hawaii financial institution seeking to acquire the failing financial institution, expedited approval for the establishment of a branch;\n\n(2) In the case of a new corporation or for a qualified bidder, a charter for a bank or savings bank or a license to engage in the business of a depository financial services loan company; provided that the applicant has secured provisional approval to organize as required in section 412:2-508.","path":["Hawaii Code","Division 2","Title 22","Chapter 412"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol08_Ch0401-0429/HRS0412/HRS_0412-0002-0507.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"bc543da6e53e452897422ea6e4f169bd49a1da309e64b5bbed0eba90e54c0bad","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-412-2-506","next":"us-hi/haw.-rev.-stat.-412-2-508"},"notice":"GroundRules: Original legal text. Not legal advice."}