Haw. Rev. Stat. § 414-176
Discontinuance or settlement
Hawaii · Hawaii Revised Statutes Chapter 414 — Hawaii Business Corporation Act · Status: effective
Cite this
- Citation
- Haw. Rev. Stat. § 414-176, Discontinuance or settlement, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2423672
- Permanent ID
ys:prov:2423672@1- SHA-256
6199dc1f5e53bd89759fef87b563dd7f7025a17108f767f5b5dbe7e4cbbdbd9c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A derivative proceeding may not be discontinued or settled without the court's approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interests of the corporation's shareholders or a class of shareholders, the court shall direct that notice be given to the shareholders affected.