Haw. Rev. Stat. § 414-381

Current through Act 47 of the 2024 Legislative Session
Section 414-381 - Dissolution by incorporators or initial directors

A majority of the incorporators or initial directors of a corporation that has not issued shares or has not commenced business may dissolve the corporation by delivering to the department director for filing articles of dissolution that set forth:

(1) The name of the corporation;
(2) The date of its incorporation;
(3) Either:
(A) That none of the corporation's shares has been issued; or
(B) That the corporation has not commenced business;
(4) That no debt of the corporation remains unpaid;
(5) That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and
(6) That a majority of the incorporators or initial directors authorized the dissolution.

HRS § 414-381

L 2000, c 244 , pt of §1