HRS §412:3-109
When the state can lower an asset's value on the books
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
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.
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