[§412:12-107]  Powers; additional branches. 
(a)  An out-of-state state bank which establishes and operates a branch in
Hawaii under this article may conduct any activities at the branch that are
authorized under the laws of this State for Hawaii state banks chartered under
article 5 of this chapter.



(b)  A Hawaii state bank may conduct any
activities at any branch outside Hawaii that are permissible for a bank
chartered by the host state where the branch is located, except to the extent
the activities are expressly prohibited by the laws of this State or by any
rule or order of the commissioner applicable to the Hawaii state bank; provided
that the commissioner may waive any prohibition if the commissioner determines,
by order or rule, that the involvement of out-of-state branches of Hawaii state
banks in particular activities would not threaten the safety or soundness of
those banks.



(c)  An out-of-state bank that has established
or acquired a branch in Hawaii under this article may establish or acquire additional
branches or other places of business as authorized pursuant to section
412:3-501 in Hawaii to the same extent that any Hawaii bank may establish or
acquire a branch or other places of business in Hawaii under applicable federal
and state law.



(d)  If an out-of-state bank operates two or
more branches in Hawaii, the out-of-state bank shall designate one of its
branches as its principal office in this State. [L 1996, c 155, pt of §1]