[§412:12-106]  No concentration limit underHawaii state law; waiver of federal concentration limits.  (a)  There shallbe no state deposit cap or concentration limit under the law of this State.

(b)  The commissioner may waive, on acase-by-case basis, the federal statewide concentration limits under section44(b) of the Federal Deposit Insurance Act; provided that the commissionershall apply a standard that does not discriminate against out-of-state banks. In granting a waiver, the commissioner shall consider whether the waiverpromotes the availability of financial services, the marketability of Hawaiibanks, or another public interest.  This section shall not affect theapplicability, if any, of federal or state antitrust law. [L 1996, c 155, pt of§1]