§412:2-507  Expedited approvals.  If thecommissioner finds that immediate action is necessary in order to prevent theprobable failure of the Hawaii financial institution, as determined by section412:2‑501, the commissioner shall have the power to issue an expeditedapproval authorizing the following:

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

(2)  In the case of a new corporation or for a qualifiedbidder, a charter for a bank or savings bank or a license to engage in thebusiness of a depository financial services loan company; provided that theapplicant has secured provisional approval to organize as required in section412:2-508. [L 1993, c 350, pt of §1; am L 1999, c 245, §3]