§412:2-314  Action to correct capital andsurplus impairment.  (a)  Whenever it appears to the commissioner that thecapital and surplus of a Hawaii financial institution is impaired, thecommissioner shall notify the financial institution in writing to correct theimpairment within a reasonable time specified by the commissioner, which timemay be extended by the commissioner.

(b)  If the Hawaii financial institution failsto correct the impairment of its capital and surplus as required, thecommissioner may immediately appoint a conservator, or may close the financialinstitution, appoint a receiver to take possession of its assets, and proceedwith the liquidation of its assets.  A financial institution placed inconservatorship pursuant to this subsection may, with the consent of thecommissioner, later resume business upon the conditions as the commissioner mayapprove. [L 1993, c 350, pt of §1; am L 1994, c 107, §3]

 

Rules of Court

 

  Receivers, see HRCP rule 66.