HRS §412:2-509
What happens to old business and debts after a merger
This section says that when a failing financial institution merges with or is bought by another, the rules in two other sections apply to its old business, property, and debts. It does not create new rules itself.
financial institutions
The statute, as written — Effect of merger or acquisition on prior business, title and obligations
Sections 412:3-610 and 412:3-615 shall apply to the businesses previously carried on by any failing financial institution, title to its property, and its liabilities with respect to any merger or acquisition consummated under this part.
Sections this one refers to
§412:3-610 What happens when a financial institution converts, merges, or consolidates
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