Haw. Rev. Stat. § 414-381
Dissolution by incorporators or initial directors
Hawaii · Hawaii Revised Statutes Chapter 414 — Hawaii Business Corporation Act · Status: effective
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- Citation
- Haw. Rev. Stat. § 414-381, Dissolution by incorporators or initial directors, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2423757
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Full text
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.