Hawaii Revised Statutes 414-401 – Grounds for administrative dissolution
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The department director may commence a proceeding under § 414-402 to administratively dissolve a corporation if the corporation fails to:
Terms Used In Hawaii Revised Statutes 414-401
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department director: means the director of commerce and consumer affairs, unless the context otherwise requires. See Hawaii Revised Statutes 414-3
- Proceeding: includes civil suit and criminal, administrative, and investigatory action. See Hawaii Revised Statutes 414-3
- Service of process: The service of writs or summonses to the appropriate party.