HRS §412:8-500
What a nondepository trust company can and cannot do
Read the official text at capitol.hawaii.gov ↗A nondepository trust company has the same general powers as other trust companies, but it cannot take deposits, do banking, or act as a real estate broker, insurance producer, or securities broker. It must hire outside professionals for certain client services and is responsible for their work.
trustees
The statute, as written — Powers and duties
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) Unless otherwise prohibited or restricted by this section or any other law, a nondepository trust company shall have the general powers specified in section 412:8-200. (b) Notwithstanding any other provision in this chapter, a nondepository trust company shall not: (1) Solicit, accept, or hold deposits; (2) Engage in banking business; (3) Engage in business for which a real estate broker's license is required; (4) Engage in any business for which an insurance producer license is required; or (5) Engage in any business of a securities broker or dealer. (c) A nondepository trust company shall not itself perform, and instead shall contract for, the following services for its clients, if needed: (1) Financial advisors for client investments; (2) Property management for client rental properties; or (3) Real estate brokerages for client real estate transactions. (d) A nondepository trust company shall be responsible for the performance of the service providers that it engages for its clients.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.