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