§412:4-104 - Federal deposit insurance required. - Hawaii Statutes

     §412:4-104  Federal deposit insurance required.  No bank, savings bank, savings and loan association and depository financial services loan company which is a Hawaii financial institution shall accept deposits unless such deposits are insured to the extent allowed by the Federal Deposit Insurance Corporation or a successor agency.  No credit union which is a Hawaii financial institution shall accept deposits or issue shares unless such deposits or shares are insured to the extent allowed by the National Credit Union Administration or a successor agency. [L 1993, c 350, pt of §1]