Chapter

414 Hawaii Business Corporation Act

414D Hawaii Nonprofit Corporations Act

414E Control Share Acquisitions

415 Hawaii Business Corporation Act--Repealed

415A Professional Corporation Act

415B Hawaii Nonprofit Corporation Act--Repealed

416 Corporations, Generally--Repealed

417 Consolidation and Merger of Corporations--Repealed

417E Corporate Take-Overs

418 Foreign Corporations--Repealed

419 Corporations Sole for Ecclesiastical Purposes

420 Business Development Corporations--Repealed

421 Agricultural Cooperative Associations

421C Consumer Cooperative Associations

421G Limited-Equity Housing Cooperatives--Repealed

421H Limited-Equity Housing Cooperatives

421I Cooperative Housing Corporations

421J Planned Community Associations

422 Fish Marketing Associations--Repealed

423 Dental Service Corporations

424 Optometric Service Corporations

425 Partnerships

425D Uniform Limited Partnership Act--Repealed

425E Uniform Limited Partnership Act

Part I. General Provisions

Section

414-1 Short title

414-2 Reservation of power to amend or repeal

414-3 Definitions

414-4 Notice

414-5 Number of shareholders

414-6 Department director; powers

Part II. Filing Documents

414-11 Filing requirements

414-12 Forms

414-13 Filing, service, and copying fees

414-14 Effective time and date of document

414-15 Correcting filed document

414-16 Filing duty of department director

414-17 Appeal from department director's refusal to file

document

414-18 Evidentiary effect of copy of filed document

414-19 Certificates and certified copies to be received in

evidence

414-20 Penalty for signing false document

Part III. Incorporation

414-31 Incorporators

414-32 Articles of incorporation

414-33 Incorporation

414-34 Liability for pre-incorporation transactions

414-35 Organization of corporation

414-36 Bylaws

414-37 Emergency bylaws

Part IV. Purposes and Powers

414-41 Purposes

414-42 General powers

414-43 Emergency powers

414-44 Ultra vires

Part V. Name

414-51 Corporate name

414-52 Reserved name

414-53 Administrative order of abatement for infringement of

corporate name

Part VI. Office and Agent

414-61 Registered office and registered agent

414-62 Designation or change of registered office or

registered agent

414-63 Resignation of registered agent

414-64 Service on corporation

Part VII. Shares and Distributions

A. Shares

414-71 Authorized shares

414-72 Terms of class or series determined by board of

directors

414-73 Issued and outstanding shares

414-74 Fractional shares

B. Issuance of Shares

414-81 Subscription for shares before incorporation

414-82 Issuance of shares

414-83 Liability of shareholders

414-84 Share dividends

414-85 Share options

414-86 Form and content of certificates

414-87 Shares without certificates

414-88 Restriction on transfer of shares and other securities

414-89 Expense of issue

C. Subsequent Acquisition of Shares by Shareholders and

Corporation

414-101 Shareholders' preemptive rights

414-102 Corporation's acquisition of its own shares

D. Distributions

414-111 Distributions to shareholders

Part VIII. Shareholders

A. Meetings

414-121 Annual meeting

414-122 Special meeting

414-123 Court-ordered meeting

414-124 Action without meeting

414-125 Notice of meeting

414-126 Waiver of notice

414-127 Record date

B. Voting

414-141 Shareholders' list for meeting

414-142 Voting entitlement of shares

414-143 Proxies

414-144 Shares held by nominees

414-145 Corporation's acceptance of votes, etc.

414-146 Quorum and voting requirements for voting groups

414-147 Action by single and multiple voting groups

414-148 Greater quorum or voting requirements

414-149 Voting for directors; cumulative voting

C. Voting Trusts and Agreements

414-161 Voting trusts

414-162 Voting agreements

414-163 Shareholder agreements

D. Derivative Proceedings

414-171 Definitions

414-172 Standing

414-173 Demand

414-174 Stay of proceedings

414-175 Dismissal

414-176 Discontinuance or settlement

414-177 Payment of expenses

414-178 Applicability to foreign corporations

Part IX. Directors and Officers

A. Board of Directors

414-191 Requirement for and duties of board of directors

414-192 Qualifications of directors

414-193 Number and election of directors

414-194 Election of directors by certain classes of

shareholders

414-195 Terms of directors generally

414-196 Staggered terms for directors

414-197 Resignation of directors

414-198 Removal of directors by shareholders

414-199 Removal of directors by judicial proceeding

414-200 Vacancy on board

414-201 Compensation of directors

B. Meetings and Action of the Board

414-211 Meetings

414-212 Action without meeting

414-213 Notice of meeting

414-214 Waiver of notice of meeting

414-215 Quorum and voting

414-216 Committees

C. Standards of Conduct

414-221 General standards for directors

414-222 Limitation of liability of directors; shareholder

approval required

414-223 Liability for unlawful distributions

D. Officers

414-231 Required officers

414-232 Duties of officers

414-233 Standards of conduct for officers

414-234 Resignation and removal of officers

414-235 Contract rights of officers

E. Indemnification

414-241 Definitions

414-242 Permissible indemnification

414-243 Mandatory indemnification

414-244 Advance for expenses

414-245 Court-ordered indemnification and advance for expenses

414-246 Determination and authorization of indemnification

414-247 Officers

414-248 Insurance

414-249 Variation by corporate action; application of subpart

414-250 Nonexclusivity of subpart

F. Directors' Conflicting Interest Transactions

414-261 Definitions

414-262 Judicial action

414-263 Directors' action

414-264 Shareholders' action

Part X. Conversions

414-271 Conversion into and from corporations

414-272 Articles of conversion

414-273 Repealed

414-274 Effect of conversion

Part XI. Amendment of Articles of Incorporation

and Bylaws

A. Amendment of Articles of Incorporation

414-281 Authority to amend

414-282 Amendment by board of directors

414-283 Amendment by board of directors and shareholders

414-284 Voting on amendments by voting groups

414-285 Amendment before issuance of shares

414-286 Articles of amendment

414-287 Restated or amended and restated articles of

incorporation

414-288 Amendment pursuant to reorganization

414-289 Effect of amendment

B. Amendment of Bylaws

414-301 Amendment by board of directors or shareholders

414-302 Bylaw increasing quorum or voting requirement for

shareholders

414-303 Bylaw increasing quorum or voting requirement for

directors

Part XII. Merger and Share Exchange

414-310 Definitions

414-311 Merger

414-311.6 Foreign mergers

414-312 Share exchange

414-313 Action plan

414-314 Merger of subsidiary

414-315 Articles of merger or share exchange

414-316 Effect of merger or share exchange

414-317 Repealed

414-318 Merger of subsidiary corporations

414-319 Repealed

Part XIII. Sale of Assets

414-331 Sale of assets in regular course of business and

mortgage of assets

414-332 Sale of assets other than in regular course of business

Part XIV. Dissenters' Rights

A. Right to Dissent and Obtain Payment for Shares

414-341 Definitions

414-342 Right to dissent

414-343 Dissent by nominees and beneficial owners

B. Procedure for Exercise of Dissenters' Rights

414-351 Notice of dissenters' rights

414-352 Notice of intent to demand payment

414-353 Dissenters' notice

414-354 Duty to demand payment

414-355 Share restrictions

414-356 Payment

414-357 Failure to take action

414-358 After-acquired shares

414-359 Procedure if shareholder dissatisfied with payment or

offer

C. Judicial Appraisal of Shares

414-371 Court action

414-372 Court costs and counsel fees

Part XV. Dissolution

A. Voluntary Dissolution

414-381 Dissolution by incorporators or initial directors

414-382 Dissolution by board of directors and shareholders

414-383 Articles of dissolution

414-384 Revocation of dissolution

414-385 Effect of dissolution

414-386 Known claims against dissolved corporation

414-387 Unknown claims against dissolved corporation

B. Administrative Dissolution

414-401 Grounds for administrative dissolution

414-402 Procedure for and effect of administrative dissolution

414-403 Reinstatement following administrative dissolution

414-404 Appeal from denial of reinstatement

C. Judicial Dissolution

414-411 Grounds for judicial dissolution

414-412 Procedure for judicial dissolution

414-413 Receivership or custodianship

414-414 Decree of dissolution

414-415 Election to purchase in lieu of dissolution

D. Miscellaneous

414-421 Deposit with director of finance

414-422 Trustees or receivers for dissolved corporations;

appointment; powers; duties

Part XVI. Foreign Corporations

A. Certificate of Authority

414-431 Authority to transact business required

414-432 Consequences of transacting business without authority

414-433 Application for certificate of authority

414-434 Change of name by foreign corporation

414-435 Effect of certificate of authority

414-436 Corporate name of foreign corporation

414-437 Registered office and registered agent of foreign

corporation

414-438 Change of registered office or registered agent of

foreign corporation

414-439 Resignation of registered agent of foreign corporation

414-440 Service on foreign corporation

414-441 Application to corporations heretofore authorized to

transact business in this State

B. Withdrawal

414-451 Withdrawal of foreign corporation

C. Revocation of Certificate of Authority

414-461 Grounds for revocation

414-462 Procedure for and effect of revocation

414-463 Appeal from revocation

Part XVII. Records and Reports

A. Records

414-470 Books and records

B. Reports

414-472 Annual report

414-473 Penalties imposed upon corporations

Part XVIII. Transition Provisions

414-481 Application to existing domestic corporations

414-482 Application to qualified foreign corporations

414-483 Savings provision

414-484 Severability

MBCA

HRS (3rd edition)

414-1 1.01

414-2 1.02

414-3 1.40

414-4 1.41

414-5 1.42

414-6

414-11 1.20

414-12 1.21

414-13

414-14 1.23

414-15 1.24

414-16 1.25

414-17 1.26

414-18 1.27

414-19

414-20

414-31 2.01

414-32 2.02

414-33 2.03

414-34 2.04

414-35 2.05

414-36 2.06

414-37 2.07

414-41 3.01

414-42 3.02

414-43 3.03

414-44 3.04

414-51 4.01

414-52 4.02

414-53

414-61 5.01

414-62 5.02

414-63 5.03

414-64

414-71 6.01

414-72 6.02

414-73 6.03

414-74 6.04

414-81 6.20

414-82 6.21

414-83 6.22

414-84 6.23

414-85 6.24

414-86 6.25

414-87 6.26

414-88 6.27

414-89 6.28

414-101 6.30

414-102 6.31

414-111 6.40

414-121 7.01

414-122 7.02

414-123 7.03

414-124 7.04

414-125 7.05

414-126 7.06

414-127 7.07

414-141 7.20

414-142 7.21

414-143 7.22

414-144 7.23

414-145 7.24

414-146 7.25

414-147 7.26

414-148 7.27

414-149 7.28

414-161 7.30

414-162 7.31

414-163 7.32

414-171 7.40

414-172 7.41

414-173 7.42

414-174 7.43

414-175 7.44

414-176 7.45

414-177 7.46

414-178 7.47

414-191 8.01

414-192 8.02

414-193 8.03

414-194 8.04

414-195 8.05

414-196 8.06

414-197 8.07

414-198 8.08

414-199 8.09

414-200 8.10

414-201 8.11

414-211 8.20

414-212 8.21

414-213 8.22

414-214 8.23

414-215 8.24

414-216 8.25

414-221 8.30

414-222

414-223 8.33

414-231 8.40

414-232 8.41

414-233 8.42

414-234 8.43

414-235 8.44

414-241 8.50

414-242 8.51

414-243 8.52

414-244 8.53

414-245 8.54

414-246 8.55

414-247 8.56

414-248 8.57

414-249 8.58

414-250

414-261 8.60

414-262 8.61

414-263 8.62

414-264 8.63

414-271

414-272

414-273

414-274

414-281 10.01

414-282 10.02

414-283 10.03

414-284 10.04

414-285 10.05

414-286 10.06

414-287 10.07

414-288 10.08

414-289 10.09

414-301 10.20

414-302 10.21

414-303 10.22

414-311 11.01

414-312 11.02

414-313 11.03

414-314 11.04

414-315 11.05

414-316 11.06

414-317 11.07

414-318

414-319

414-331 12.01

414-332 12.02

414-341 13.01

414-342 13.02

414-343 13.03

414-351 13.20

414-352 13.21

414-353 13.22

414-354 13.23

414-355 13.24

414-356 13.25

414-357 13.26

414-358 13.27

414-359 13.28

414-371 13.30

414-372 13.31

414-381 14.01

414-382 14.02

414-383 14.03

414-384 14.04

414-385 14.05

414-386 14.06

414-387 14.07

414-401 14.20

414-402 14.21

414-403 14.22

414-404 14.23

414-411 14.30

414-412 14.31

414-413 14.32

414-414 14.33

414-415 14.34

414-421 14.40

414-431 15.01

414-432 15.02

414-433 15.03

414-434

414-435 15.05

414-436 15.06

414-437 15.07

414-438 15.08

414-439 15.09

414-440 15.10

414-441

414-451 15.20

414-461 15.30

414-462 15.31

414-463 15.32

414-470

414-472 16.22

414-473

414-481 17.01

414-482 17.02

414-483 17.03

414-484 17.04