[§343D-3] Filing. No person owning beneficially ten per cent or more of any class of voting securities of any Hawaii corporation shall purchase or pay for more than an additional five per cent of any such security or five per cent or more of the assets of such Hawaii corporation during any twelve-month period without first complying with the following requirements:

(1) Filing a statement with the office in the form designated by the office which includes:

(A) A complete and detailed description of the person, its organization, its capitalization, and its operations, including a breakdown of sales for each line of business activity according to the applicable four-digit-product-number listed in the most recent edition of the Standard Industrial Classification Manual published by the Executive Office of the President, Office of Management and Budget;

(B) Copies of the person's audited financial statements, balance sheets, and income statements for the past five years;

(C) A complete and detailed history of the person's prior compliance or noncompliance with all applicable environmental laws and regulations including those promulgated by the United States government, any state government or any municipal government of the United States;

(D) A description of all judicial and administrative proceedings during the preceding five years to which the person was a party and which involved any issue concerning any environmental law or regulations;

(E) A complete and detailed statement of all intentions by the person to influence the issuer of the voting security or any of its affiliates to take any action within the following five years which might require the filing of an environmental impact statement pursuant to chapter 343; and

(2) Waiting for fifteen days after delivery of the above statement to the office or such longer time as the office may order pursuant to section 343D-4 or 343D-5. [L 1982, c 53, pt of §2]