§449-5  License required to act as escrow
depository.  No person shall act as an escrow depository in this State
unless it is a corporation licensed to do so by the commissioner.



No person subject to the provisions of this
chapter not licensed or exempted under this chapter shall transact any business
under any name, title or descriptive term which contains the words
"escrow", "escrow depository" or any other word or phrase
having the same or similar meaning. [L 1967, c 144, pt of §1; HRS §449-5; am L
1969, c 39, §1; am L 1985, c 269, §50]



 



Cross References



 



  Title insurers or insurers, see §431:20-106.5.