Hawaii Revised Statutes 352-18 – Establishment of trust accounts
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Hawaii Revised Statutes 352-18
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
All sums collected pursuant to sections 352–16 and 352–17, and from other authorized sources shall be placed in a bank trust account or federally insured savings account to the credit of persons committed pursuant to this chapter. The director or director’s agent shall maintain individual ledger accounts for each committed person and shall issue each person a periodic statement showing deposits and withdrawals.