HRS §412:3-504
Notice and deadline for opening or relocating an office
This section sets deadlines for a financial institution to tell the state banking commissioner when it opens or moves an office. It also covers what happens if the opening or move is delayed, including possible extensions and loss of permission.
financial institutions
The statute, as written — Notice and deadline for opening or relocating principal office, branch, or agency
Every financial institution permitted under this part to open or relocate a principal office, branch, or agency shall notify the commissioner in writing that the opening or relocation has been completed, no later than five days after the opening or relocation. If the opening or relocation will not be completed within nine months after the opening date stated in the application, the financial institution may obtain from the commissioner an extension of the time to open or relocate, which shall be reasonably granted for good cause. If an extension of time to open or relocate is not obtained in writing, the commissioner may revoke the permission to open or relocate.
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