§412:3-105  Election and appointment ofexecutive officers.  The directors of a Hawaii financial institution shallelect or appoint its executive officers.  The directors may also appoint andemploy all other necessary officers and agents, define their duties, fix theircompensation, dismiss them, and require that they be bonded.  Except for theelection or appointment of executive officers, the board of directors maydelegate to such officers the employment, discharge, fixing of compensation,bonding, and supervision of subordinate officers, employees and agents. [L1993, c 350, pt of §1]