Hawaii Revised Statutes 412:3-209 – Paid-in capital and surplus
Current as of: 2024 | Check for updates
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Other versions
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Banks |
$5,000,000 |
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Savings banks |
$3,000,000 |
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Savings and loan associations |
$2,000,000 |
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Trust companies |
$1,500,000 |
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Nondepository trust companies |
$1,000,000 |
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Depository financial services |
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loan companies |
$1,000,000 |
Terms Used In Hawaii Revised Statutes 412:3-209
- Capital: means :
(1) The aggregate par value or other amount received and allocated to the issued and outstanding capital stock of a financial institution; or
(2) The total amount of a credit union's outstanding and unimpaired membership shares or share accounts. See Hawaii Revised Statutes 412:1-109
- Commissioner: means the commissioner of financial institutions of this State. See Hawaii Revised Statutes 412:1-109
- 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
- Paid-in capital: means the amount of capital actually received by the financial institution for its capital stock, membership shares or share accounts, as the case may be. See Hawaii Revised Statutes 412:1-109
- surplus: includes retained earnings, whether or not transferred or allocated to surplus. 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