Hawaii Revised Statutes 412:12-103 – Authority of Hawaii state banks to establish a de novo interstate branch or acquire an interstate branch
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Terms Used In Hawaii Revised Statutes 412:12-103
- Bank: has the meaning set forth in 12 U. See Hawaii Revised Statutes 412:12-101
- Branch: means a place of business of a bank, other than its main office, which is open to the public and at which deposits are received and paid. See Hawaii Revised Statutes 412:12-101
- Commissioner: means the commissioner of financial institutions of this State. See Hawaii Revised Statutes 412:1-109
- De novo branch: means a branch of a bank located in a host state which:
(1) Is originally established by the bank as a branch; and
(2) Does not become a branch of the bank as a result of (A) the acquisition of another bank or a branch of another bank, or (B) the merger, consolidation, or conversion involving any bank or branch. See Hawaii Revised Statutes 412:12-101
- Hawaii state bank: means a bank chartered under the laws of Hawaii. See Hawaii Revised Statutes 412:12-101