§412:3-105  Election and appointment of
executive officers.  The directors of a Hawaii financial institution shall
elect or appoint its executive officers.  The directors may also appoint and
employ all other necessary officers and agents, define their duties, fix their
compensation, dismiss them, and require that they be bonded.  Except for the
election or appointment of executive officers, the board of directors may
delegate to such officers the employment, discharge, fixing of compensation,
bonding, and supervision of subordinate officers, employees and agents. [L
1993, c 350, pt of §1]