§415B-4 Purposes. A corporation may be organized under this chapter for any lawful purpose or purposes; provided that labor unions, cooperative organizations other than limited-equity housing cooperatives, and organizations subject to any of the provisions of the insurance laws of this State, other than a pure captive insurance company with a nonprofit parent company, or the Hawaii employers' mutual insurance company established by section 431:14A-103, shall not be organized under this chapter. [L 1985, c 270, pt of §1; am L 1992, c 108, §1; am L 1997, c 300, §2]