§412:3-202
Additional requirements for holding company. (a) An applicant for the organization of a Hawaii financial institution which will be a subsidiary of a holding company shall furnish the commissioner with the following additional information regarding the holding company, unless waived by the commissioner:(1) If the holding company is a corporation, a certificate from the incorporating jurisdiction indicating that the corporation was properly organized under applicable corporate law, and that it is otherwise in good standing;
(2) Its existing and proposed affiliates and subsidiaries, and the extent and nature of its control over the operations of the proposed financial institution;
(3) Financial statements, employment history, education, management experience, and other biographical information for all of its executive officers and directors;
(4) The name and address of each shareholder or each proposed subscriber of capital stock, and if capital has not been fully raised, a proposed capital plan including a description of any stock options, debentures, and stock warrants offered or proposed to be offered to any person;
(5) Evidence that it has or will have the financial ability, responsibility, and experience to engage in the business of a financial institution holding company; and
(6) Any other information that the commissioner may require.
(b) The commissioner may issue a preliminary decision regarding the qualifications of the holding company. [L 1993, c 350, pt of §1]