HRS §412:2-505
Waiving bank concentration limits to prevent failure
If a Hawaii financial institution is likely to fail, the state banking commissioner can waive the statewide concentration limits that normally apply. This waiver is allowed only when needed to prevent that failure. The commissioner has the power to issue such a waiver.
financial institutionsstate agencies
The statute, as written — Waiver of statewide concentration limits under the Bank Holding Company Act of 1956, as amended
If the commissioner finds that waiver of the statewide concentration limits under section 3(d) of the Bank Holding Company Act of 1956, as amended, is necessary to prevent probable failure of the Hawaii financial institution, the commissioner shall have the power to issue a waiver of those statewide concentration limits.
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