HRS §412:9-408
Investment rules for depository financial services loan companies
Read the official text at capitol.hawaii.gov ↗This section requires depository financial services loan companies to invest safely and legally. Their boards and investment managers must act carefully, avoid risky investments, and consider both safety and income. The board must also write down its investment policies.
financial institutions
The statute, as written — General requirement for investments
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) A depository financial services loan company shall make investments that are consistent with prudent banking practices and in compliance with all applicable federal and state law. (b) The board of directors of a depository financial services loan company and any other person charged with the responsibility of investing the depository financial services loan company's assets shall exercise such reasonable diligence, discretion, judgment, and intelligence as would be expected of a prudent investor. Among other things, they shall not engage in speculative or unsound investments, and they shall at all times consider the probable safety as well as the probable income of the capital being invested. (c) The board of directors shall establish written investment policies.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.