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