§412:4-104 - Federal deposit insurance required.
§412:4-104 Federal deposit insurancerequired. No bank, savings bank, savings and loan association anddepository financial services loan company which is a Hawaii financialinstitution shall accept deposits unless such deposits are insured to the extentallowed by the Federal Deposit Insurance Corporation or a successor agency. Nocredit union which is a Hawaii financial institution shall accept deposits orissue shares unless such deposits or shares are insured to the extent allowedby the National Credit Union Administration or a successor agency. [L 1993, c350, pt of §1]