§449-20.5 Closing branch office. (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. [L 2001, c 184, pt of §1]
Structure Hawaii Revised Statutes
Title 25. Professions and Occupations
449-1.6 Name of escrow depository.
449-1.7 Indicia of escrow depository prohibited.
449-1.8 Confidential portion of application or records.
449-1.9 Powers of commissioner
449-3 Excepted from this chapter.
449-5 License required to act as escrow depository.
449-6 Application for license.
449-7 Investigation and ruling.
449-7.5 Licensing requirements.
449-8 Issuance and renewal of license.
449-8.6 Sale or transfer of license or change in control.
449-9 Escrow depository's bond.
449-11 Fidelity bonds; insurance or other security devices.
449-12 Errors and omissions insurance or other security devices.
449-13 Cancellation of bonds or insurance; withdrawal of deposits.
449-16 Accounting for moneys, property, etc.
449-17 Revocation and suspension of licenses.
449-20.5 Closing branch office.
449-21 Maintenance of books and records.