Removal, prohibition, or suspension; effect of order.

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§412:2-310 Removal, prohibition, or suspension; effect of order. No institution-affiliated party whose removal, prohibition, or suspension has been ordered shall thereafter participate in any manner in the conduct of the affairs of the affiliated Hawaii financial institution or any other Hawaii financial institution as long as the order is in effect. Any violation of the order shall constitute a violation of law, and shall constitute sufficient grounds for the issuance of a cease and desist order to the affiliated financial institution. [L 1993, c 350, pt of §1; am L 2006, c 228, §10]


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