Haw. Rev. Stat. § 432C-5
Transfer of assets to other nonprofit entities
Hawaii · Hawaii Revised Statutes Chapter 432C · Status: effective
Cite this
- Citation
- Haw. Rev. Stat. § 432C-5, Transfer of assets to other nonprofit entities, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2424635
- Permanent ID
ys:prov:2424635@1- SHA-256
5fc463bab38255c8354d24332885fc88c5092be67afaafed8b4228df17129a72
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
The commissioner shall determine prior to any conversion, the nonprofit entities, if any, that are eligible to receive assets from the converting nonprofit entity. The charitable mission and grant-making functions of each eligible nonprofit entity must:
(1) Be dedicated to promoting or serving the health care needs of residents of the State;
(2) Not be in direct competition with the converting nonprofit entity; and
(3) Be in existence and have qualified for tax-exempt status under Title 26 United States Code section 501(c)(3), (4), (8), (9), (26), or (e), before the transfer of assets.