HRS §412:9-202
What a financial services loan company cannot do
This section lists activities a financial services loan company is banned from doing unless the law says otherwise. It cannot invest in regular trade, issue certain credit documents, sell real estate or insurance, or act like a trust company.
financial institutions
The statute, as written — Prohibitions
Except as otherwise expressly authorized by this chapter, a financial services loan company shall not: (1) Employ its funds, directly or indirectly, in trade or commerce by buying or selling ordinary goods, chattels, wares, and merchandise, or by owning or operating industrial or manufacturing plants of any kind; (2) Issue commercial letters of credit; (3) Sell real estate, securities, or insurance; or (4) Engage in any activity requiring a charter as a trust company under article 8.
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