§412:3-614 - Sale or transfer of charter or license prohibited.
§412:3-614 Sale or transfer of
charter or license prohibited. No Hawaii financial institution may sell,
transfer, or otherwise dispose of any charter, license, approval, or any other
right or privilege granted under this chapter, unless the sale, transfer, or
disposition is part of a conversion, merger, consolidation, sale, assumption or
acquisition of control permitted under this part. Any attempted sale,
transfer, or disposition in violation of this section shall be null, void, and
unenforceable. [L 1993, c 350, pt of §1]