§412:3-615 - Nonconforming assets or business.
§412:3-615 Nonconforming assets orbusiness. If a Hawaii financial institution resulting from a conversion,merger, consolidation, acquisition, or assumption by law may no longer owncertain types of assets once it undergoes the conversion, merger, consolidation,acquisition, or assumption, or if it may no longer engage in certain types ofbusiness activities, the commissioner shall, as part of the order approving thetransaction, allow a reasonable time within which the institution may divestitself of the nonconforming assets or business activities in order to conformwith law. [L 1993, c 350, pt of §1]