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HAWAII STATUTES AND CODES

§412:3-106 - Residency of chief executive officer.

     §412:3-106  Residency of chief executive officer.  The chief executive officer of every Hawaii financial institution, except a nondepository financial services loan company, shall be a resident of this State.  If at any time a person holding the office ceases to be a state resident, that person's tenure shall automatically cease, and a successor, alternate, or substitute who is a state resident shall be immediately appointed or elected, as provided in the institution's bylaws. [L 1993, c 350, pt of §1]

 

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