§420D-4 Termination of sustainable business corporation status. (a) A sustainable business corporation may terminate its status as such and cease to be subject to this chapter by amending its articles to delete the statement that the corporation is a sustainable business corporation. An amendment pursuant to this subsection shall not be effective unless it is adopted by at least the minimum status vote.
(b) If a plan of merger, consolidation, division, or share exchange would have the effect of terminating the status of a business corporation as a sustainable business corporation, the plan shall not be effective unless it is adopted by at least the minimum status vote. [L 2011, c 209, pt of §1]
Structure Hawaii Revised Statutes
Title 23. Corporations and Partnerships
420D. Sustainable Business Corporations
420D-3 Election of a domestic corporation to become a sustainable business corporation.
420D-4 Termination of sustainable business corporation status.
420D-6 Standard of conduct for directors.
420D-8 Standard of conduct for officers.