Haw. Rev. Stat. § 415A-7
Current through Chapter 253 of the 2024 Legislative Session
A professional corporation may purchase its own shares from a disqualified person without regard to the availability of capital or surplus for such purchase; provided no purchase of or payment for its own shares shall be made at a time when the corporation is insolvent or when such purchase or payment would make it insolvent.
HRS § 415A-7