HRS §490:9-342
Banks can refuse control agreements and keep them private
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
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
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