HRS §412:2-405
Removing or replacing a conservator or receiver
Read the official text at capitol.hawaii.gov ↗The state banking commissioner can remove or replace a conservator or receiver at any time, with or without a reason, as long as notice is given. The commissioner and the court are not liable for this action. The financial institution can still ask a court to review the original appointment.
courtsfinancial institutionsstate agencies
The statute, as written — Removal or replacement of conservator or receiver
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.
The commissioner may remove or replace a conservator or receiver other than a federal insurer effective upon notice thereof, and with or without cause. Such removal or replacement shall not subject either the commissioner or the court to any liability to the conservator or receiver. Such removal or replacement shall not affect the financial institution's right to obtain judicial review of the commissioner's original decision to appoint a conservator or receiver under section 412:2-401.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.