§412:13-300 - Purposes. - Hawaii Statutes

PART III.  HAWAII BRANCHES OF OUT-OF-STATE FOREIGN BANKS

 

     [§412:13-300]  Purposes.  This part is generally intended to ensure that interstate state branches of out-of-state foreign banks may be established and operated in this State:

     (1)  To the extent consistent with the provisions of section 5 of the federal International Banking Act; and

     (2)  Under terms and conditions that are generally comparable to and no less favorable than those applicable to, the establishment of interstate federal branches in this State by out-of-state foreign banks. [L 1996, c 155, pt of §2]