Hawaii Revised Statutes 412:12-106 – No concentration limit under Hawaii state law; waiver of federal concentration limits

(a) There shall be no state deposit cap or concentration limit under the law of this State.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Hawaii Revised Statutes 412:12-106

Commissioner: means the commissioner of financial institutions of this State. See Hawaii Revised Statutes 412:1-109
Federal: means belonging to, part of, or related to the government of the United States of America. See Hawaii Revised Statutes 412:1-109
this State: means the State of Hawaii, its political subdivisions, agencies, and departments. See Hawaii Revised Statutes 412:1-109

(b) The commissioner may waive, on a case-by-case basis, the federal statewide concentration limits under section 44(b) of the Federal Deposit Insurance Act; provided that the commissioner shall apply a standard that does not discriminate against out-of-state banks. In granting a waiver, the commissioner shall consider whether the waiver promotes the availability of financial services, the marketability of Hawaii banks, or another public interest. This section shall not affect the applicability, if any, of federal or state antitrust law.

Article 12 Contents

LawServer

Hawaii Revised Statutes 412:12-106 – No concentration limit under Hawaii state law; waiver of federal concentration limits

Terms Used In Hawaii Revised Statutes 412:12-106

941 Law Help

Law Offices of David W. Barlow