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§ 412-2-403 — Hawaii Law | CourtGPT
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  4. Title 22 - Banks and Financial Institutions412. Code of Financial Institutions412:1-100 Short Title/
  5. Chapter 412/
  6. § 412-2-403
Hawaii Legal Code

§ 412-2-403

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§412:2-403 Who may serve as conservator or receiver. The commissioner, deputy commissioner, federal insurer of the Hawaii financial institution's deposits or accounts or other qualified person may serve as a conservator or receiver. Except for the commissioner, deputy commissioner, or federal insurer, every conservator and receiver must consent in writing to serve in such capacity, and before assuming such position shall sign an engagement agreement agreed upon by the person and the commissioner. [L 1993, c 350, pt of §1]