§412:12-102  Authority of Hawaii state banksto establish interstate branches by merger.  (a)  With the prior approvalof the commissioner, a Hawaii state bank may establish and operate one or morebranches in a state other than Hawaii, pursuant to an interstate mergertransaction in which the Hawaii state bank is the resulting bank.

(b)  Not later than the date on which therequired application for the interstate merger transaction is filed with theresponsible federal bank supervisory agency, the applicant Hawaii state bankshall comply with and the application shall be processed in accordance with allapplicable provisions of part VI, article 3, of this chapter.  The interstatemerger transaction may be consummated and the Hawaii state bank may establishand operate the branches outside of Hawaii only after the applicant hasreceived the commissioner's written approval. [L 1996, c 155, pt of §1; am L1998, c 39, §9]