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Can you summarize HIRS 412:5-303?
Loans and Investments > Loans to executive officers, directors, principal shareholders and affiliates.
Short Summary
No bank shall make any loan or extension of credit in violation of section 18(j) of the Federal Deposit Insurance Act, 12 U.S.C. 1828(j) or, if the bank is a member of the Federal Reserve System, in violation of sections 22(g), 22(h), 23A or 23B of the Federal Reserve Act, 12 U.S.C. 375a, 375b, 371c and 371c1. [L 1993, c 350, pt of 1]
Jurisdiction
Hawaii