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2017 Hawaii Revised Statutes
TITLE 23. CORPORATIONS AND PARTNERSHIPS
415A. Professional Corporation Act
415A-7 Right of corporation to acquire its own shares.
Universal Citation: HI Rev Stat § 415A-7 (2017)
[§415A-7] Right of corporation to acquire its own shares. A professional corporation may purchase its own shares from a disqualified person without regard to the availability of capital or surplus for such purchase; provided no purchase of or payment for its own shares shall be made at a time when the corporation is insolvent or when such purchase or payment would make it insolvent. [L 1985, c 259, pt of §1]
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