§412:2-507  Expedited approvals.  If the
commissioner finds that immediate action is necessary in order to prevent the
probable failure of the Hawaii financial institution, as determined by section
412:2‑501, the commissioner shall have the power to issue an expedited
approval authorizing the following:



(1)  In the case of a Hawaii financial institution
seeking to acquire the failing financial institution, expedited approval for
the establishment of a branch;



(2)  In the case of a new corporation or for a qualified
bidder, a charter for a bank or savings bank or a license to engage in the
business of a depository financial services loan company; provided that the
applicant has secured provisional approval to organize as required in section
412:2-508. [L 1993, c 350, pt of §1; am L 1999, c 245, §3]