Haw. Rev. Stat. § 420D-4
Termination of sustainable business corporation status
Hawaii · Hawaii Revised Statutes Chapter 420D · Status: effective
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- Citation
- Haw. Rev. Stat. § 420D-4, Termination of sustainable business corporation status, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2424074
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Full text
(a) A sustainable business corporation may terminate its status as such and cease to be subject to this chapter by amending its articles to delete the statement that the corporation is a sustainable business corporation. An amendment pursuant to this subsection shall not be effective unless it is adopted by at least the minimum status vote.
(b) If a plan of merger, consolidation, division, or share exchange would have the effect of terminating the status of a business corporation as a sustainable business corporation, the plan shall not be effective unless it is adopted by at least the minimum status vote.