HAR §16-119.8-8. Deposit of association funds

As used in section 514B-149, HRS, the term "located in the State" shall mean that the financial institution: (1) Is currently registered with the department's business registration and financial institution divisions, in good standing, and authorized to do business in this State; and (2) Has an office in this State that is managed and operated by employees who are physically located at the office site. [Eff MAR 26 2026 ] (Auth: HRS §§514B-61, 514B-101) (Imp: HRS §514B-149) 119.8-11 3 6 2 6 The repeal of chapter 16-107 and adoption of chapters 16-119.1, 16-119.2, 16-119.3, 16-119.4, 16-119.5, 16-119.6, 16-119.7, and 16-119.8, Hawaii Administrative Rules, on the Summary Page dated June 27, 2025, was adopted on June 27, 2025, following a public hearing held on November 29, 2024, after public notice was given in the Star Advertiser, The Garden Island, West Hawaii Today, Hawaii Tribune Herald, and The Maui News newspapers on October 24, 2024. The repeal of chapter 16-107 and adoption of chapters 16-119.1, 16-119.2, 16-119.3, 16-119.4, 16-119.5, 16-119.6, 16-119.7, and 16-119.8 shall take effect ten days after filing with the Office of the Lieutenant Governor. APPROVED AS TO FORM: Shari J Wong Deputy Atto~y General APPROVED AS TO FORM NAO~ Director of Commerce and Consumer Affairs Date: 3 J '"' 2.0lb J0SGREEN, M.D. Governor State of Hawaii Date: 3/ lfo I 2.02..b MAR 16 2026 Filed