Except as authorized by section 414D-232, a corporation shall not make any distributions.
Haw. Rev. Stat. § 414D-231
Prohibited distributions
Known as the Hawaii Nonprofit Corporations Act
The act spans §§ 414–414 (182 sections).
L 2001, c 105, 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.