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2019 Hawaii Revised Statutes
TITLE 23A. OTHER BUSINESS ENTITIES
428. Uniform Limited Liability Company Act
428-411 Continuation of limited liability company after expiration of specified term.
Universal Citation:
HI Rev Stat § 428-411 (2019)
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§428-411 Continuation of limited liability company after expiration of specified term. (a) If a limited liability company that has a specified term is continued after the expiration of the term, the rights and duties of the members and managers remain the same as they were at the expiration of the term, except to the extent inconsistent with rights and duties of members and managers of an at-will company.
(b) If the members in a member-managed limited liability company or the managers in a manager-managed company continue the business without winding up the business of the company, the company shall continue as an at-will company. [L 1996, c 92, pt of §1]
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