HRS §412:7-202
Savings and loan associations can join a federal home loan bank
This section lets savings and loan associations join a federal home loan bank and buy its shares. They can use the powers that come with membership, as long as those powers do not conflict with Hawaii law. Even as members, they and their leaders still must follow all Hawaii laws and duties.
The statute, as written — Membership in federal home loan bank
Any savings and loan association may become a member of a federal home loan bank organized under authority of the Federal Home Loan Bank Act, or any successor or similar system of federal home loan banks established by Congress, and may purchase and hold the shares of such federal home loan bank. The savings and loan association may have and exercise all powers not in conflict with the laws of this State incident to such membership; provided, however that notwithstanding such membership the savings and loan association and its directors, officers, and shareholders shall continue to be subject to all liabilities and duties imposed upon them by any law of this State.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.