Hawaii Revised Statutes 386A-8 – Termination and merger

(a) The fund may be terminated only by law.

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Terms Used In Hawaii Revised Statutes 386A-8

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Board: means the fund's board of directors. See Hawaii Revised Statutes 386A-1
Fund: means the Hawaii state compensation mutual insurance fund. See Hawaii Revised Statutes 386A-1

(b) Any assets remaining in the fund after the termination of the fund and any assets acquired or disbursed as a result of merger, consolidation, amalgamation, affiliation, exchange of credits, or otherwise, shall be used by the board solely for the purposes under this chapter and for administrative expenses incident thereto.

Chapter 386A Contents

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Hawaii Revised Statutes 386A-8 – Termination and merger

Terms Used In Hawaii Revised Statutes 386A-8

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