(a) A public benefit corporation shall not purchase any of its memberships or any right arising therefrom.
(b) A corporation other than a public benefit corporation may purchase its memberships only to the extent provided in section 414D-232.
Haw. Rev. Stat. § 414D-92
Purchase of memberships
Known as the Hawaii Nonprofit Corporations Act
The act spans §§ 414D-1 to 414D-92 (182 sections).
L 2019, c 65, §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.