There is a newer version
of
this Section
2018 Hawaii Revised Statutes
TITLE 23. CORPORATIONS AND PARTNERSHIPS
414D. Hawaii Nonprofit Corporations Act
414D-151 Loans to or guaranties for directors and officers.
Universal Citation: HI Rev Stat § 414D-151 (2018)
[§414D-151] Loans to or guaranties for directors and officers. (a) A corporation may not lend money to or guaranty the obligation of a director or officer of the corporation.
(b) The fact that a loan or guaranty is made in violation of this section shall not affect the borrower's liability on the loan. [L 2001, c 105, pt of §1]
Disclaimer: These codes may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
