HRS §412:3-108
Banks must use standard accounting rules
Read the official text at capitol.hawaii.gov ↗This section says that every financial institution in Hawaii must follow generally accepted accounting principles, unless a federal regulator tells them to do something different. It is a short rule about how they keep their financial records.
financial institutions
The statute, as written — Generally accepted accounting principles
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.
Every Hawaii financial institution shall follow generally accepted accounting principles, except as otherwise prescribed by the appropriate federal regulatory agency.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.