§412:3-604  Shareholder or membervote.  (a)  For any transaction covered by this part that requires approvalof the shareholders or members of the financial institution, the votingrequirements shall be:

(1)  If a Hawaii financial institution is a stock institution,the holders of two-thirds of each class of the issued and outstanding capitalstock of the financial institution entitled to vote, or such greater majorityas may be provided by the articles of incorporation of the Hawaii financialinstitution, shall be required to approve any action under this part; or

(2)  If a Hawaii financial institution is a creditunion, a majority of members present in person at any meeting shall be requiredto approve any action under this part.

(b)  This section shall control over therequired percentages for any shareholder vote contained in section 414-313 onapproval by shareholders of a merger or consolidation, section 414-332 onapproval by shareholders on the sale of assets not in the usual and regularcourse of business, and section 414-382 on approval by shareholders on thevoluntary dissolution of a corporation. [L 1993, c 350, pt of §1; am L 1994, c107, §13; am L 2002, c 40, §20; am L 2006, c 228, §24]