A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
Haw. Rev. Stat. § 414-89
Expense of issue
Known as the Hawaii Business Corporation Act
The act spans §§ 414–414 (199 sections).
L 2000, c 244, pt of §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.