HRS §412:3-614
Selling or transferring a bank charter or license is banned
A Hawaii financial institution cannot sell, transfer, or give away its charter, license, or other rights granted under this chapter, unless it is part of a permitted conversion, merger, or similar deal. Any such attempt is invalid and has no legal effect.
financial institutions
The statute, as written — Sale or transfer of charter or license prohibited
No Hawaii financial institution may sell, transfer, or otherwise dispose of any charter, license, approval, or any other right or privilege granted under this chapter, unless the sale, transfer, or disposition is part of a conversion, merger, consolidation, sale, assumption or acquisition of control permitted under this part. Any attempted sale, transfer, or disposition in violation of this section shall be null, void, and unenforceable.
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