§421I-4 Proxies. (a) A proxy shall be valid only for a specific meeting and any of that meeting's adjournments.
(b) A shareholder may designate any person or the board of directors as a proxy, and the proxy may be limited as indicated by the shareholder. No proxy shall be irrevocable unless:
(1) The proxy is coupled with a financial interest in the dwelling unit; or
(2) The proxy is held pursuant to a first mortgage of record encumbering a dwelling unit or an agreement of sale affecting a dwelling unit.
(c) A proxy statement shall contain at least the following information:
(1) The name of the corporation;
(2) The date of the meeting to which the proxy is applicable;
(3) The printed name and the signature of the shareholder giving the proxy; and
(4) The dwelling unit or units for which the proxy is given. [L 1993, c 282, pt of §1]
Structure Hawaii Revised Statutes
Title 23. Corporations and Partnerships
421I. Cooperative Housing Corporations
421I-1 Cooperative housing corporation; defined.
421I-3 Board of directors; election.
421I-5 Meetings of the board of directors.
421I-6 Documents of the corporation.
421I-8 Notification of assessment increases.
421I-9 Mediation and arbitration of disputes.
421I-10 Applicability of other laws.
421I-11 Application of Hawaii business corporation act.
421I-12 Employees of cooperative housing corporations; background checks.