HRS §412:3-108
Banks must use standard accounting rules
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
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.