HRS §490:9-342
Banks can refuse control agreements and keep them private
Read the official text at capitol.hawaii.gov ↗This section says banks do not have to sign a control agreement, even if their customer asks. If a bank does sign one, it does not have to tell anyone else about it unless the customer asks. This protects banks from being forced into these agreements.
The statute, as written — Bank's right to refuse to enter into or disclose existence of control agreement
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.
This article does not require a bank to enter into an agreement of the kind described in section 490:9-104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.
Sections this one refers to
§490:9-104 When a lender controls a bank account
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.