Hawaii Revised Statutes 414D-136 – Staggered terms for directors
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Terms Used In Hawaii Revised Statutes 414D-136
- articles: includes amended and restated articles of incorporation, and articles of merger. See Hawaii Revised Statutes 414D-14
- Bylaws: means the code or codes of rules (other than the articles) adopted pursuant to this chapter for the regulation or management of the affairs of the corporation irrespective of the name or names by which the rules are designated. See Hawaii Revised Statutes 414D-14
- Directors: means individuals, designated in the articles or bylaws or elected by the incorporators, and their successors and individuals elected or appointed by any other name or title, to act as members of the board. See Hawaii Revised Statutes 414D-14
The articles or bylaws may provide for staggering the terms of directors by dividing the total number of directors into groups. The terms of office of the several groups need not be uniform.