§412:3-106  Residency of chief executiveofficer.  The chief executive officer of every Hawaii financialinstitution, except a nondepository financial services loan company, shall be aresident of this State.  If at any time a person holding the office ceases tobe a state resident, that person's tenure shall automatically cease, and asuccessor, alternate, or substitute who is a state resident shall beimmediately appointed or elected, as provided in the institution's bylaws. [L1993, c 350, pt of §1]