HRS §412:10-307
Trust accounts for members and beneficiaries
Read the official text at capitol.hawaii.gov ↗A credit union member can own a share or deposit account in trust for someone else. The beneficiary can be a minor, but unless the beneficiary is also a member, they cannot vote, get loans, hold office, or pay membership fees.
beneficiaries
The statute, as written — Trust accounts
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) Share and deposit accounts may be owned by a member in trust for a beneficiary. (b) Beneficiaries may be minors, but no beneficiary unless a member in that person's own right, shall be permitted to vote, obtain loans, hold office or be required to pay a membership fee.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.