HRS §412:2-406
Who pays for a financial institution's conservator or receiver
This section says that all costs of running a Hawaii financial institution under a conservator or receiver are paid from the institution's own assets. These costs come before other debts. The state commissioner and federal insurer get no pay, but other people doing the job can earn a salary.
financial institutionsstate agencies
The statute, as written — Compensation and expenses of conservator or receiver
All expenses of any conservatorship or receivership shall be paid out of the assets of the Hawaii financial institution and shall be a lien on the assets, which shall be prior to any other lien provided by this chapter or otherwise. Such expenses shall include without limitation, all costs and expenses incurred by the State, conservator, receiver and any other person for rent, utilities, telephones, travel, equipment, supplies, and employee salaries and benefits (including state employees). No compensation shall be paid to the commissioner, the deputy commissioner or federal insurer for serving as conservator or receiver, but other persons serving in such capacity may receive a salary commensurate with the responsibilities of such position.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.