Haw. Rev. Stat. § 257-6
Financial institutions
Hawaii · Hawaii Revised Statutes Chapter 257 · Status: effective
Cite this
- Citation
- Haw. Rev. Stat. § 257-6, Financial institutions, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2415490
- Permanent ID
ys:prov:2415490@1- SHA-256
92bba2353d5ef015c891296e505e9b0b9c9744b4316a8545ed52ea67f699d0a2
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Financial institutions shall be permitted to establish individual development accounts pursuant to this chapter. The financial institution shall certify to the fiduciary organization, on forms prescribed by same and accompanied by any documentation required by it, that such accounts have been established pursuant to all the provisions of this chapter and that deposits have been made on behalf of the account holder.
(b) A financial institution establishing an individual development account shall:
(1) Keep the account in the name of the account holder;
(2) Permit deposits to be made in the account by the following, subject to the indicated conditions:
(A) The account holder; or
(B) A contribution made on behalf of the account holder. Such deposits may include moneys to match the account holder's deposits.