HRS §412:9-402
Joining a federal home loan bank
This section lets a depository financial services loan company join a federal home loan bank and buy its shares. The company can use the powers that come with membership, as long as they do not break Hawaii law. The company and its leaders still must follow all Hawaii rules.
financial institutions
The statute, as written — Membership in federal home loan bank
Any depository financial services loan company 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 systems of federal home loan banks established by Congress, and may purchase and hold the shares of such federal home loan bank. The depository financial services loan company 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 depository financial services loan company 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.