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Haw. Rev. Stat. § 414D-241

Dissolution by incorporators, initial directors, and third persons

Known as the Hawaii Nonprofit Corporations Act

The act spans §§ 414–414 (182 sections).

L 2001, c 105, pt of §1; am L 2006, c 235, §7

A majority of the incorporators or initial directors of a corporation that has no members and has not commenced business, subject to any approval required by the articles or bylaws, may dissolve the corporation by delivering to the department director articles of dissolution that set forth:

(1) The name of the corporation;

(2) The date of its incorporation;

(3) That the corporation has no members and that the corporation has not commenced business;

(4) That a plan of dissolution, indicating to whom the assets owned or held by the corporation shall be distributed after all creditors have been paid, has been adopted; and

(5) That a majority of the incorporators or initial directors authorized the dissolution.

Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.