HRS §412:3-615
Time to sell assets that no longer fit the law
Read the official text at capitol.hawaii.gov ↗When a Hawaii financial institution changes through a merger or similar deal, it might end up with assets or business activities that are no longer allowed. The state banking commissioner must give the institution a reasonable amount of time to get rid of those nonconforming items as part of the approval order.
financial institutions
The statute, as written — Nonconforming assets or business
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.
If a Hawaii financial institution resulting from a conversion, merger, consolidation, acquisition, or assumption by law may no longer own certain types of assets once it undergoes the conversion, merger, consolidation, acquisition, or assumption, or if it may no longer engage in certain types of business activities, the commissioner shall, as part of the order approving the transaction, allow a reasonable time within which the institution may divest itself of the nonconforming assets or business activities in order to conform with law.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.