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Hawaii Revised Statutes Division 2. Business § 412:10-310

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 412:10-310 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-412-10-310/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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