412:13-229 Immediate suspension or revocation.
§412:13-229 Immediate suspension or revocation. (a) If the commissioner finds that any of the factors set forth in section 412:13-228(b) are true with respect to any foreign bank that is licensed to maintain a Hawaii state branch or Hawaii state agency, and that it is necessary for the protection of the interests of creditors of […]
412:13-230 Seizure of foreign bank’s property and business; liquidation.
§412:13-230 Seizure of foreign bank’s property and business; liquidation. (a) If the commissioner finds that any of the factors set forth in section 412:13-228 are true with respect to any foreign bank that is licensed to establish and maintain a Hawaii state branch or Hawaii state agency and that it is necessary for the protection […]
412:13-224 Supervision and enforcement.
§412:13-224 Supervision and enforcement. (a) The commissioner shall have all of the powers granted to the commissioner by the laws of this State to the extent appropriate to enable the commissioner to supervise each Hawaii state branch, Hawaii state agency, or Hawaii representative office. (b) In order to carry out the purposes under this article, […]
412:13-225 Reports.
§412:13-225 Reports. (a) Each foreign bank that is licensed to establish and maintain a Hawaii state branch, Hawaii state agency, or Hawaii representative office shall file with the commissioner any reports the commissioner may require. (b) Each report filed with the commissioner under this article, or under any rule or order issued under this article, […]
412:13-226 Books, accounts, and records.
§412:13-226 Books, accounts, and records. Each foreign bank that is licensed to establish and maintain a Hawaii state branch, Hawaii state agency, or Hawaii representative office shall maintain or make available at any office appropriate books, accounts, and records reflecting: (1) All transactions effected by or on behalf of the office; and (2) All actions […]
412:13-227 Voluntary closure of branch, agency, or representative office; application.
§412:13-227 Voluntary closure of branch, agency, or representative office; application. (a) No foreign bank that is licensed to establish and maintain a Hawaii state branch, Hawaii state agency, or Hawaii representative office shall close the office without filing an application with, and obtaining the prior approval of, the commissioner. The application filed by a foreign […]
412:13-228 Suspension or revocation of license; grounds; procedures.
§412:13-228 Suspension or revocation of license; grounds; procedures. (a) The commissioner may issue an order revoking a license of a foreign bank to establish and maintain a Hawaii representative office if the commissioner finds that: (1) The foreign bank has violated any provision of this article or any other law or rule of this State; […]
412:13-213 Pledge of assets.
§412:13-213 Pledge of assets. (a) Each foreign bank that is licensed to establish and maintain a Hawaii state branch or Hawaii state agency shall keep on deposit $500,000 or any greater amount as the commissioner may prescribe by rule in unaffiliated Hawaii banks as have been selected by the foreign bank and approved in writing […]
412:13-214 Asset maintenance.
§412:13-214 Asset maintenance. (a) Each foreign bank that is licensed to establish and maintain a Hawaii state branch or Hawaii state agency shall hold in this State currency, bonds, notes, debentures, drafts, bills of exchange, or other evidences of indebtedness, including loan participation agreements or certificates, or other obligations payable in the United States or […]
412:13-215 Representative office of foreign banks; necessity of licensure.
§412:13-215 Representative office of foreign banks; necessity of licensure. (a) No foreign bank shall establish or maintain a Hawaii representative office unless the foreign bank is licensed by the commissioner to maintain a Hawaii representative office. (b) Nothing in subsection (a) shall be deemed to prohibit a foreign bank which maintains a federal agency or […]