Hawaii Revised Statutes 432:1-503 – Closing of doors without notice
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Terms Used In Hawaii Revised Statutes 432:1-503
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Society: means mutual benefit society. See Hawaii Revised Statutes 432:1-406
If, upon the examination of any society, it is found to be insolvent, or if it is deemed necessary by the commissioner for the protection of the interests of its members or the public, the commissioner may at once close the doors of the society without any notice and take charge of the books, assets and affairs of the society until the appointment of a receiver as provided by law.