Hawaii Revised Statutes 421-19 – Misdemeanor to induce breach of marketing contract to cooperative association; spreading false reports about the management or finances thereof
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Terms Used In Hawaii Revised Statutes 421-19
- Association: means any corporation organized under this chapter for the mutual benefit of its members, as agricultural producers, and which confines its operations to purposes authorized by this chapter and restricts the return on the stock or membership capital and the amount of its business with nonmembers to the limits placed thereon by this chapter for associations organized hereunder; provided that any fish marketing association organized pursuant to chapter 422 and in existence on May 7, 1991, shall be considered an association for purposes of this chapter. See Hawaii Revised Statutes 421-1
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Member: includes the holder of a membership in an association without capital stock or the holder of common stock in [an] association organized with capital stock. See Hawaii Revised Statutes 421-1
- Person: includes individuals, partnerships, corporations, limited liability companies, and associations. See Hawaii Revised Statutes 421-1
Any person or any corporation whose officers or employees knowingly induce or attempt to induce any member or stockholder of an association to violate the member’s or stockholder’s marketing contract with the association, or who maliciously and knowingly spreads false reports about the finances or management thereof, shall be fined not less than $100 nor more than $1,000 for each offense; and shall be liable to the association aggrieved in a civil suit in the penal sum of $500 for each offense.