{"data":{"id":"us-hi/haw.-rev.-stat.-514e-23","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 514E-23","heading":"Requirements for trustees.","body":"If time share units are conveyed to a trustee pursuant to section 514E-19, the following requirements shall be met:\n\n(1) The trustee must be a bank, savings and loan association, or a trust company meeting the requirements of any rules adopted by the director pursuant to chapter 91.\n\n(2) The trustee must at all times:\n\n(A) Maintain fidelity bonds in a form approved by the director in such amounts and providing coverage as required by rules adopted by the director pursuant to chapter 91; and\n\n(B) Maintain a policy of errors and omissions insurance in a form approved by the director in such amounts and providing coverage as required by rules adopted by the director pursuant to chapter 91.","path":["HI Code","Division 3","Title 28","Chapter 514E"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol12_Ch0501-0588/HRS0514E/HRS_0514E-0023.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"3951588077d8be227f9e88b6bf9c96acbd7ba85437319ea38ef56780ed596b2a","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-514e-22","next":"us-hi/haw.-rev.-stat.-514e-24"},"notice":"GroundRules: Original legal text. Not legal advice."}