§412:11-102  Examination of financialinstitution holding company.  The commissioner may from time to timeconduct reasonable examinations of any financial institution holding companythat directly owns twenty-five per cent or more of any class of voting securitiesof a Hawaii financial institution as may be necessary or appropriate todetermine whether the condition or activities of the company are jeopardizingthe safety or soundness of the operations of its financial institutionsubsidiary.  The commissioner shall not conduct an examination of any financialinstitution holding company that indirectly controls a Hawaii financialinstitution through one or more financial institution holding companies unlessthe commissioner has good cause to believe that the financial institutionholding company indirectly controlling the Hawaii financial institution isexperiencing financial adversity that will have a material negative impact onthe safety and soundness of the Hawaii financial institution.  The cost of theexaminations shall be assessed against and paid by the financial institutionholding company in the same manner as financial institutions under section412:2-105. [L 1993, c 350, pt of §1; am L 2008, c 196, §9]