PART VI. 
CONVERSIONS, MERGERS, CONSOLIDATIONS, ACQUISITIONS,



ASSUMPTIONS,
AND VOLUNTARY DISSOLUTIONS



 



§412:3-600  Applicability of this part. 
This part applies to:



(1)  The conversion, merger, consolidation,
acquisition of assets or assumption of liabilities or deposits, acquisition of
control, voluntary cessation of business, or voluntary dissolution involving a
Hawaii financial institution;



(2)  The merger, consolidation, or acquisition of
control of a financial institution holding company which controls:



(A)  A Hawaii financial institution; and



(B)  To the extent permitted by federal law, a
federal financial institution whose operations are principally conducted in
this State; and



(3)  All persons who seek to merge or consolidate
with, acquire the assets or assume the liabilities of, or acquire control of:



(A)  A Hawaii financial institution;



(B)  A financial institution holding company
which controls a Hawaii financial institution; and



(C)  To the extent permitted by federal law, a
financial institution holding company which controls a federal financial
institution whose operations are principally conducted in this State. [L 1993,
c 350, pt of §1; am L 1994, c 107, §10; am L 1998, c 39, §1]