§412:2-403 - Who may serve as conservator or receiver.
§412:2-403 Who may serve as conservator orreceiver. The commissioner, deputy commissioner, federal insurer of theHawaii financial institution's deposits or accounts or other qualified personmay serve as a conservator or receiver. Except for the commissioner, deputycommissioner, or federal insurer, every conservator and receiver must consentin writing to serve in such capacity, and before assuming such position shallsign an engagement agreement agreed upon by the person and the commissioner. [L1993, c 350, pt of §1]