PART VI. CONVERSIONS, MERGERS, CONSOLIDATIONS, ACQUISITIONS,

ASSUMPTIONS, AND VOLUNTARY DISSOLUTIONS

 

412:3-600 Applicability of this part. This part applies to:

(1) The conversion, merger, consolidation, acquisition of assets or assumption of liabilities or deposits, acquisition of control, voluntary cessation of business, or voluntary dissolution involving a Hawaii financial institution;

(2) The merger, consolidation, or acquisition of control of a financial institution holding company which controls:

(A) A Hawaii financial institution; and

(B) To the extent permitted by federal law, a federal financial institution whose operations are principally conducted in this State; and

(3) All persons who seek to merge or consolidate with, acquire the assets or assume the liabilities of, or acquire control of:

(A) A Hawaii financial institution;

(B) A financial institution holding company which controls a Hawaii financial institution; and

(C) To the extent permitted by federal law, a financial institution holding company which controls a federal financial institution whose operations are principally conducted in this State. [L 1993, c 350, pt of 1; am L 1994, c 107, 10; am L 1998, c 39, 1]

 

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