§412:10-310 - Dormant accounts. - Hawaii Statutes

     §412:10-310  Dormant accounts.  (a)  If there has been no activity on a share or deposit account for one year, the credit union may impose a reasonable maintenance fee.

     (b)  Share and deposit accounts, dividends, interest and other sums due or standing in the name of a member or other person and held by the credit union are presumed abandoned unless the member or other person has, within five years:

     (1)  Increased or decreased the amount of the funds or presented an appropriate record for the crediting of dividends or interest;

     (2)  Corresponded in writing with the credit union concerning the funds; or

     (3)  Otherwise indicated an interest in the funds as evidenced by a memorandum on file with the credit union. [L 1993, c 350, pt of §1]