reglab/housing_qa huggingface dataset:
HI Rev Stat § 412:10-119 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-119 Conflicts of interest.

 §412:10-119 Conflicts of interest. No director, committee member, officer, agent or employee of the credit union shall in any manner, directly or indirectly, participate in the deliberation upon or the determination of any question affecting that person's pecuniary interest or the pecuniary interest of any corporation, partnership, or association (other than the credit union) in which that person is directly or indirectly interested. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-120 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-120 Suspension or removal of officials.

 §412:10-120 Suspension or removal of officials. (a) The supervisory committee by a two-thirds vote of the entire committee may suspend any member of the credit committee or the credit manager and shall report such action to the board of directors. The board shall meet not less than seven nor more than twenty-one days after such suspension to take appropriate action. The suspended person shall have the right to appear and be heard at the meeting.  (b) The supervisory committee by a two-thirds vote of the entire committee may suspend any officer or any member of the board of directors until the next members' meeting, which shall be held not less than seven nor more than twenty-one days after such suspension. At such meeting the suspended person shall have the right to appear and be heard. The suspension shall be acted upon by the members and the person shall be removed for cause from or restored to office.  (c) The board of directors by a two-thirds vote of those present at a meeting may suspend or remove any member of the supervisory committee or of the credit committee for failure to perform duties in accordance with this chapter, the articles of association, or the bylaws. The committee member shall have the right to appear and be heard at such meeting. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-121 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-121 Central credit unions.

 §412:10-121 Central credit unions. (a) Central credit unions may be chartered under this article and shall enjoy all powers of other credit unions chartered under this article and be subject to all provisions of this article not inconsistent with this section.  (b) A central credit union is a credit union whose field of membership includes the following:  (1) Officers, directors, committee members and employees of credit unions organized under this article or any other credit union law;  (2) Officers, directors and employees of associations of credit unions;  (3) Employees of federal or state government agencies responsible for the supervision of credit unions in this State;  (4) Persons in the field of membership of liquidated credit unions or of credit unions which have entered into or will enter into voluntary or involuntary liquidation proceedings;  (5) Employees of an employer having an insufficient number of employees to form or conduct the affairs of a separate credit union; and  (6) Members of the immediate families of persons qualifying for membership under this subsection. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-122 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-122 Taxation.

 §412:10-122 Taxation. (a) All credit unions, now or hereafter chartered under this chapter shall have the same immunity from state and local taxation that federally chartered credit unions have from time to time under the laws of the United States government. Any credit union organized under this chapter shall be exempt from all taxation now or hereafter imposed by this State or any taxing authority within this State. No law which taxes corporations in any form shall apply to such credit union, except that any real property and personal services provided to the credit union shall be subject to taxation to the same extent as other similar property is taxed.  (b) The participation by a credit union in any government program providing unemployment, social security, old age pension or other benefits shall not be deemed a waiver of the taxation exemption hereby granted. [L 1993, c 350, pt of §1] Cross References  Taxation of banks and other financial corporations, see chapter 241.
HI Rev Stat § 412:10-123 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-123 Fiscal year.

 §412:10-123 Fiscal year. The fiscal year of every credit union organized under this article shall end at the close of business on December 31. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-124 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-124 Conducting business outside this State.

 §412:10-124 Conducting business outside this State. A credit union organized under this article may conduct business outside of this State in other states or territories where it is permitted to conduct business as a credit union. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-125 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-125 REPEALED.

 §412:10-125 REPEALED. L 2016, c 149, §16.
HI Rev Stat § 412:10-200 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-200 General powers.

  §412:10-200 General powers. (a) Except as expressly prohibited or limited by this chapter, a credit union shall have the power to issue shares, solicit, accept and hold deposits, and engage in any activities which are usual or incidental to the business of a credit union. In addition to the powers mentioned elsewhere in this article, a credit union may:  (1) Enter into contracts of any nature;  (2) Sue and be sued;  (3) Adopt, use and display a common seal;  (4) Acquire, lease, hold, assign, pledge, hypothecate, sell, or otherwise dispose of property, either in whole or in part, necessary or incidental to its operations;  (5) Offer to its members, public unit accounts and other credit unions, shares, share certificates, share drafts, deposits, as provided in this article;  (6) Make loans and extensions of credit of any kind, whether unsecured or secured by real or personal property of any kind or description;  (7) Borrow from any source within or without the State; provided that a credit union shall notify the commissioner in writing of its intention to borrow in excess of an aggregate of fifty per cent of its capital;  (8) Discount or sell any of the credit union's assets, and purchase the assets of another credit union;  (9) Offer related financial services, including, but not limited to, electronic fund transfers, safe deposit boxes, leasing and correspondent arrangements with other financial institutions;  (10) Hold membership in other credit unions organized under this or other laws, in service centers, and in associations and organizations controlled by or fostering the interests of credit unions, including a central liquidity facility organized under state or federal law;  (11) Engage in activities and programs as requested by any governmental unit, subject to approval by the board of directors and not inconsistent with this article;  (12) Act as fiscal agent for and receive payments on share and deposit accounts from a governmental unit;  (13) Make contributions to any nonprofit civic, charitable or service organizations; and  (14) Make investments as permitted under this article.  (b) A credit union may exercise all incidental powers that are necessary or requisite to enable it to effectively carry out its purposes. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-201 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-201 Powers granted under federal law.

 §412:10-201 Powers granted under federal law. (a) In this section "federal power" means any activity, right, privilege, or immunity granted to a federal credit union under any federal statute, rule, regulation, interpretation or court decision.  (b) Any credit union desiring to acquire any federal power shall file an application with the commissioner. The application shall indicate the applicable federal statute, rule, regulation, interpretation or court decision, the extent of the federal power desired, the reasons for the application, and any other information requested by the commissioner. The commissioner may by rule prescribe the form of application.  (c) If the commissioner is satisfied that the power should be granted, the commissioner shall issue a written approval of the application, subject to such terms and conditions as the commissioner deems appropriate. Other credit unions may file an application if they desire the same federal power, but approval of any application need not be granted. Any federal power granted pursuant to this section is in addition to, and not in limitation of, any other provision of this chapter, and the federal power may be exercised notwithstanding any other provision of this chapter.  (d) If any federal power is terminated or modified, the commissioner may terminate or make a similar modification to any corresponding power granted under this section.  (e) The commissioner may suspend or revoke any federal power granted under this section or under previous law if the commissioner finds:  (1) That the credit union has violated any conditions imposed in connection with the grant of power; or  (2) The credit union has not begun to exercise such power within one year of the date it was granted.  (f) The commissioner shall retain jurisdiction over the enforcement of any power granted under this section or under previous law. Any action taken under subsections (d) or (e) shall be taken only after the commissioner has given the credit union notice of the proposed action and an opportunity to be heard. [L 1993, c 350, pt of §1; am L 2016, c 149, §14]
HI Rev Stat § 412:10-202 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-202 Credit union service organizations.

 §412:10-202 Credit union service organizations. A credit union may invest its funds in shares, stocks, or obligations of credit union service organizations providing services which are associated with the routine operations of credit unions, up to one per cent of the capital of the credit union. This authority does not include the power to acquire control directly or indirectly, of another financial institution. Loans to credit union service organizations shall not exceed one per cent of the capital of the credit union. The one per cent limitation on loans to credit union service organizations is independent of, and in addition to, the one per cent limitation on investment in credit union service organizations. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-203 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-203 Sale or purchase of obligations or notes.

 §412:10-203 Sale or purchase of obligations or notes. A credit union may purchase, sell, pledge, or discount or otherwise receive or dispose of, in whole or in part, any eligible obligations of its members and to purchase from any liquidating credit union notes made by individual members of the liquidating credit union as may be agreed upon by the board of directors of the liquidating credit union and the board of directors of the purchasing credit union, but no purchase may be made under authority of this section, if after that purchase, the aggregate of the unpaid balances of notes purchased under authority of this section would exceed five per cent of the capital of the credit union. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-204 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-204 Sale or purchase of assets.

 §412:10-204 Sale or purchase of assets. A credit union may sell all or part of its assets to another credit union, purchase all or part of the assets of another credit union and assume the liabilities of the selling credit union and those of its members. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-300 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-300 Applicability of other provisions of this chapter.

  §412:10-300 Applicability of other provisions of this chapter. Except to the extent that the provisions of this part are inconsistent, all provisions of article 4 shall apply to the share accounts and deposit accounts offered by a credit union. In case of any inconsistencies, the provisions of this part shall control. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-301 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-301 Share accounts and membership shares.

 §412:10-301 Share accounts and membership shares. (a) Share accounts and membership shares (if any) shall be subscribed to and paid for in such manner as the bylaws prescribe.  (b) A credit union may require its members to subscribe to and make payments on membership shares.  (c) The par value of shares and membership shares shall be prescribed in the bylaws.  (d) A membership share may not be redeemed or withdrawn except upon termination of membership in the credit union.  (e) A credit union may limit the number of shares which may be owned by a member, but any such limit shall apply alike to all members. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-302 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-302 Dividends.

 §412:10-302 Dividends. (a) At such intervals as the board of directors may authorize, and after provision for required reserves, the board of directors may declare dividends to be paid on share accounts and membership shares (if any) from undivided earnings.  (b) Dividends may be paid at various rates with due regard to the conditions that pertain to each type of account such as minimum balance, notice and time requirements. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-303 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-303 Deposit accounts.

 §412:10-303 Deposit accounts. (a) A credit union may accept deposit accounts from its members, other credit unions and governmental units subject to the terms, rates and conditions established by the board of directors.  (b) Interest may be paid on deposit accounts at various rates with due regard to the conditions that pertain to each type of account such as minimum balance, notice and time requirements. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-304 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-304 Withdrawals.

 §412:10-304 Withdrawals. (a) Funds in share and deposit accounts may be withdrawn for payment to the account holder or third parties in such manner and in accordance with such procedures as are established by the board of directors.  (b) Share and deposit accounts shall be subject to any withdrawal notice requirement which is imposed pursuant to the bylaws. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-305 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-305 Minor accounts.

 §412:10-305 Minor accounts. Payments on share and deposit accounts may be received from a minor who may withdraw funds from such accounts including the dividends and interest thereon. Payments on share and deposit accounts by a minor and withdrawals thereof by the minor shall be valid in all respects. For such purposes a minor is deemed of full age. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-306 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-306 Joint accounts.

 §412:10-306 Joint accounts. A member may designate any person or persons to own a share or deposit account with the member in joint tenancy with the right of survivorship, as a tenant in common or under any other form of joint ownership permitted by law, but no co-owner, unless a member in the co-owner's own right, shall be permitted to vote, obtain loans, or hold office or be required to pay a membership fee. [L 1993, c 350, pt of §1] Cross References  Multiple-party accounts, see chapter 560, article VI.
HI Rev Stat § 412:10-307 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-307 Trust accounts.

 §412:10-307 Trust accounts. (a) Share and deposit accounts may be owned by a member in trust for a beneficiary.  (b) Beneficiaries may be minors, but no beneficiary unless a member in that person's own right, shall be permitted to vote, obtain loans, hold office or be required to pay a membership fee. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-308 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-308 Payable-on-death accounts.

 §412:10-308 Payable-on-death accounts. Notwithstanding any other provision of law, a credit union may establish share and deposit accounts payable to one or more persons during their lifetimes and on the death of all of them to one or more payable-on-death payees. Any transfer to a payable-on-death payee is effective by reason of the account contract and shall not be considered to be a testamentary transfer. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-309 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-309 Liens.

 §412:10-309 Liens. The credit union shall have a lien on the share accounts and accumulated dividends of a member for any sum owed the credit union by said member and for any loan endorsed by the member. The credit union shall also have a right of immediate setoff with respect to every deposit account. The credit union may also refuse to allow withdrawals from any share or deposit account. The credit union may waive its rights to a lien, to immediate setoff, to restrict withdrawals, or to any combination of such rights with respect to any share or deposit account or groups of such accounts. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-310 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-310 Dormant accounts.

 §412:10-310 Dormant accounts. (a) If there has been no activity on a share or deposit account for one year, the credit union may impose a reasonable maintenance fee.  (b) Share and deposit accounts, dividends, interest and other sums due or standing in the name of a member or other person and held by the credit union are presumed abandoned unless the member or other person has, within five years:  (1) Increased or decreased the amount of the funds or presented an appropriate record for the crediting of dividends or interest;  (2) Corresponded in writing with the credit union concerning the funds; or  (3) Otherwise indicated an interest in the funds as evidenced by a memorandum on file with the credit union. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-400 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-400 Applicability of part.

  §412:10-400 Applicability of part. This part sets forth the requirements and restrictions for lending by all credit unions. A credit union may make loans and extensions of credit as permitted by this part and as provided elsewhere in this article. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-401 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-401 General requirements for loans.

 §412:10-401 General requirements for loans. A credit union shall make loans and extensions of credit that are consistent with prudent lending practices and in compliance with all applicable federal and state law. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-402 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-402 Loans to members.

 §412:10-402 Loans to members. A credit union may make unsecured and secured loans to its members for such purposes and upon such conditions as the bylaws may provide. The board of directors shall establish written policies with respect to the granting of loans and the extending of lines of credit, including the terms, conditions and acceptable forms of security. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-403 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-403 Interest rates.

 §412:10-403 Interest rates. (a) The interest rates on loans shall be determined by the board of directors, subject to the following:  (1) The interest rate on any credit union loan hereafter made shall not exceed eighteen per cent per year on the unpaid balance, may be fixed or variable, and may provide for a balloon payment. A variable rate may be based upon an index, the prime rate, or some other objective factor, so that the interest rate will increase or decrease according to such factor.  (2) The commissioner, without regard to chapter 91, may establish an interest rate ceiling exceeding the eighteen per cent per year for periods not to exceed eighteen months, if the commissioner determines that prevailing interest rate levels threaten the safety and soundness of credit unions.  (b) The board may also authorize any refund of interest on such classes of loans and under such conditions as it prescribes.  (c) If a greater rate of interest than that permitted under this article is contracted for in any loan under this article, the loan shall not, by reason thereof, be void. But, if in any action on the loan, proof is made that a greater rate of interest than that permitted by law has been directly or indirectly contracted for, the credit union shall only recover the amount actually received by the borrower in cash, credit or the equivalent thereof plus the charges, if any, which were properly charged to the borrower and which have not been deducted from the principal amount of the contract or otherwise paid by the borrower. The borrower shall only recover costs. If interest has been paid, judgment shall be for the recoverable amount less the amount of interest paid. Sections 478-5 and 478-6 shall not apply to loans made under this article by credit unions. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-404 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-404 Other charges.

 §412:10-404 Other charges. (a) In addition to interest charged on loans, a credit union may charge members all reasonable expenses in connection with the making, closing, disbursing, extending, collecting or renewing of loans.  (b) A credit union may assess charges to members, in accordance with the bylaws, for failure to meet their obligations to the credit union in a timely manner. [L 1993, c 350, pt of §1]
HI Rev Stat § 412:10-405 (2021)
2021 Hawaii Revised Statutes|Title 22. Banks and Financial Institutions|412. Code of Financial Institutions|412:10-405 Applications.

 §412:10-405 Applications. Except as provided in section 412:10-410, every application for a loan shall be made in writing upon a form prescribed by the credit union. Each loan shall be evidenced by a written document. [L 1993, c 350, pt of §1]