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2017 Hawaii Revised Statutes
TITLE 23. CORPORATIONS AND PARTNERSHIPS
420D. Sustainable Business Corporations
420D-4 Termination of sustainable business corporation status.
Universal Citation: HI Rev Stat § 420D-4 (2017)
[§420D-4] Termination of sustainable business corporation status. (a) A sustainable business corporation may terminate its status as such and cease to be subject to this chapter by amending its articles to delete the statement that the corporation is a sustainable business corporation. An amendment pursuant to this subsection shall not be effective unless it is adopted by at least the minimum status vote.
(b) If a plan of merger, consolidation, division, or share exchange would have the effect of terminating the status of a business corporation as a sustainable business corporation, the plan shall not be effective unless it is adopted by at least the minimum status vote. [L 2011, c 209, pt of §1]
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