Hawaii Revised Statutes 412:2-509 – Effect of merger or acquisition on prior business, title and obligations
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Terms Used In Hawaii Revised Statutes 412:2-509
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Financial institution: means a Hawaii financial institution, and unless the context indicates otherwise, a federal financial institution or foreign financial institution. See Hawaii Revised Statutes 412:1-109
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Sections 412:3-610 and assets or business” class=”unlinked-ref” datatype=”S” sessionyear=”2019″ statecd=”HI”>412:3-615 shall apply to the businesses previously carried on by any failing financial institution, title to its property, and its liabilities with respect to any merger or acquisition consummated under this part.