HRS §412:3-602
Definitions for bank mergers and consolidations
This section defines two terms used in this part of the law. A participating institution is a bank or bank holding company involved in a merger or consolidation. A resulting institution is the bank that comes out of that merger, consolidation, or conversion.
financial institutions
The statute, as written — Definitions
As used in this part: "Participating institution" means one or all of the financial institutions (or, where applicable, financial institution holding companies) participating in a merger or consolidation pursuant to this part. "Resulting institution" means the financial institution resulting from a merger, consolidation or conversion pursuant to this part.
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