Hawaii Revised Statutes 256B-4 – Management contract; terms
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Terms Used In Hawaii Revised Statutes 256B-4
- Account owner: means the person who enters into a savings agreement pursuant to this chapter. See Hawaii Revised Statutes 256B-1
- Contract: A legal written agreement that becomes binding when signed.
- Director: means the director of finance. See Hawaii Revised Statutes 256B-1
- Financial organization: means an organization authorized to do business in the State that is:
(1) Licensed or chartered by the insurance commissioner;
(2) Licensed or chartered by the commissioner of financial institutions;
(3) Chartered by an agency of the federal government; or
(4) Subject to the jurisdiction and regulation of the federal Securities and Exchange Commission. See Hawaii Revised Statutes 256B-1
- Management contract: means the contract executed by the director of finance and a financial organization selected to act as a depository and manager of the program. See Hawaii Revised Statutes 256B-1
- Program: means the Hawaii ABLE savings program established under this chapter. See Hawaii Revised Statutes 256B-1
- Program manager: means a financial organization selected by the director of finance to act as a depository and manager of the program. See Hawaii Revised Statutes 256B-1