Authorized distributions

HRS §414D-232 — under Chapter 414D.

HRS §414D-232

§414D-232 Authorized distributions. (a) A corporation other than a public benefit corporation may purchase its memberships if, after the purchase is completed:

(b) Corporations may make distributions upon dissolution in conformity with part XIII.

(c) The public benefit corporation, in conformity with its purposes, may make distributions to and confer benefits on a member or an affiliate that is another public benefit corporation if, after any distribution is completed: