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Haw. Rev. Stat. § 454M-13

Presumption of control

L 2017, c 46, pt of §1

An individual is presumed to control an entity if that individual is:

(1) An executive officer of the entity; or

(2) A director, general partner, or managing member who directly or indirectly has the right to vote ten per cent or more of a class of voting securities of the entity or has the power to sell or direct the sale of ten per cent or more of a class of voting securities of the entity.

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