HRS §412:8-204
Agreements between trust companies and banks
Read the official text at capitol.hawaii.gov ↗This section lets a trust company and a bank make a written deal to offer trust services at the bank's offices, either in the bank's name or the trust company's name. The state banking commissioner must approve any such agreement in writing before it takes effect. The commissioner decides based on the companies' finances and other factors.
state agencies
The statute, as written — Agreement between trust companies and banks
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.
A trust company granted full trust powers may contract by written agreement with any bank or national banking association to carry on trust services in the bank's or national banking association's name and for its account at one or more of the banking offices of a bank or national banking association. A bank may permit by written agreement any trust company having its principal office in this State and exercising full trust powers to carry on trust services at one or more of its banking offices but in the name and for the account of the trust company. Any agreement provided for in this section, including any lease, or modification or extension thereof, shall not be effective as to any trust company until and unless it is approved in writing by the commissioner. The commissioner may approve or disapprove the agreement upon consideration of the sufficiency of the capital and surplus of the trust company and the bank, the need for trust services and other facts or circumstances which the commissioner may deem appropriate.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.