Section 16-38-5.1 - Registration; eligibility requirements(a) An applicant, if a natural person, shall have attained the age of eighteen years.(b) An applicant, except an applicant that is registered as a broker or dealer under the Securities Exchange Act, shall have a minimum capital as provided in section 16-38-5.3(b) of not less than $5,000.(c) A partner or an officer of a registered dealer or issuer may engage in the capacity of a salesperson only if that person has been duly registered as provided by section 485-14, HRS.(d) A dealer that is a foreign corporation or a partnership that intends to establish a branch office in Hawaii shall, in addition to the requirements under this chapter and chapter 485, HRS, comply with the requirements of the Hawaii foreign corporation law (chapter 414, HRS) or the Hawaii partnership law (chapter 425, HRS), as applicable.[Eff 6/4/70; am 1/1/71; am and ren § 16-38-5, 7/30/81; am, ren § 16-38-5.1 and comp 10/12/85; am and comp 4/14/03] (Auth: HRS § 485-2) (Imp: HRS § 485-14)