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Hawaii |
§412:2-411  Termination Of Conservatorship.  -

The commissioner may terminate a conservatorship of a Hawaii financial institution whenever in the commissioner's judgment such action would be prudent and in the public interest. A conservatorship may also be terminated by order of the circuit court. Upon such termination, the financial institution shall be returned to the possession and control of its board of directors, or be placed in a receivership, subject to any terms and conditions imposed by the commissioner or the court. If placed in receivership, the affected Hawaii financial institution shall be entitled to judicial review as provided in section 412:2401. [L 1993, c 350, pt of §1]

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Local Government
Hawaii
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David Y. Ige
David Ige
December 1, 2014 -
Democratic
808-695-4620
201 Merchant St., Suite 1805, Honolulu, HI, 96813

Keywords
financial
institution
412
hawaii
conservatorship
terminate
institutions
affected
review
entitled