Haw. Rev. Stat. § 431:4-205

Current through the 2024 Legislative Session
Section 431:4-205 - Illegal dividends; reductions

Any director of a domestic stock insurer who votes for or concurs in the declaration or payment of any dividend to stockholders or a reduction of capital stock not authorized by law shall, in addition to any other liability imposed by law, be guilty of violation of this code.

HRS § 431:4-205

L 1987, c 347, pt of §2