HRS §412:13-300
Why this law exists for foreign bank branches
This section explains the purpose of the law: to allow out-of-state foreign banks to open and run branches in Hawaii, as long as it follows federal law and treats them as fairly as federal branches.
financial institutions
The statute, as written — Purposes
This part is generally intended to ensure that interstate state branches of out-of-state foreign banks may be established and operated in this State: (1) To the extent consistent with the provisions of section 5 of the federal International Banking Act; and (2) Under terms and conditions that are generally comparable to and no less favorable than those applicable to, the establishment of interstate federal branches in this State by out-of-state foreign banks.
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