Haw. Rev. Stat. § 449-20.5
Closing branch office
Hawaii · Hawaii Revised Statutes Chapter 449 — Escrow Depositories · Status: effective
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- Citation
- Haw. Rev. Stat. § 449-20.5, Closing branch office, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2425496
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Full text
(a) An escrow depository shall give the commissioner notice of its intent to close any branch office at least thirty days prior to the closing. The notice shall:
(1) State the intended date of closing;
(2) Specify the reasons for the closing; and
(3) Contain a certification by the secretary or other authorized officer of the escrow depository that the decision to close was duly approved by its board of directors.
(b) After closing a branch office, the escrow depository shall promptly thereafter surrender to the commissioner the branch office license for that location.