[§412:13-229]  Immediate suspension or
revocation.  (a)  If the commissioner finds that any of the factors set
forth in section 412:13-228(b) are true with respect to any foreign bank that
is licensed to maintain a Hawaii state branch or Hawaii state agency, and that
it is necessary for the protection of the interests of creditors of the foreign
bank's business in this State or, in any case, for the protection of the public
interest that the commissioner immediately suspend or revoke the license of the
foreign bank, the commissioner may issue, without notice and hearing, an order
immediately suspending or revoking the license of the foreign bank for a period
of up to twenty days, pending investigation or hearing.



(b)  The order immediately suspending or revoking
the license shall be accompanied by a notice of charges which states the
alleged grounds for the order.  The notice of charges shall set forth a time
and place for a hearing to determine whether the immediate order of suspension
or revocation shall be made final.



(c)  The order shall be effective upon service
on the Hawaii state branch or Hawaii state agency and shall remain in effect
until a final order is issued after a hearing, a final order is consented to,
or the charges are dismissed upon completion of a hearing.  The foreign bank
may contest the issuance of the immediate suspension or revocation order by
applying to the circuit court for an injunction.



(d)  Within twenty days after the service of a
notice of charges, unless an earlier date or later date is set by the
commissioner upon request of the foreign bank, the commissioner shall hold a
hearing in accordance with chapter 91.  If no appearance is made at the
scheduled hearing by the foreign bank or the foreign bank's authorized representative,
the foreign bank shall be deemed to have consented to the issuance of the final
suspension or revocation order.  Any appeal of a final order of suspension or
revocation shall be made to the circuit court in accordance with chapter 91.



(e)  Any order of immediate suspension or
revocation may be enforced in the circuit court upon application by the
commissioner.  Any final order of suspension or revocation issued in accordance
with this section may be enforced as provided for in section 412:13-228(c). [L
1996, c 155, pt of §2]