Haw. Rev. Stat. § 415A-7
Right of corporation to acquire its own shares
Hawaii · Hawaii Revised Statutes Chapter 415A — Professional Corporation Act · Status: effective
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- Citation
- Haw. Rev. Stat. § 415A-7, Right of corporation to acquire its own shares, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2424019
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Full text
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.