HRS §412:3-109
When the state can lower an asset's value on the books
Read the official text at capitol.hawaii.gov ↗The state banking commissioner can order a Hawaii financial institution to reduce the value of an asset on its books to the asset's fair value. This section only gives the commissioner that power. It does not say when or how often this can happen.
financial institutions
The statute, as written — Charging down assets
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.
The commissioner may require any asset on the books of a Hawaii financial institution to be charged down to such sum as represents its fair value.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.