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Terms Used In Hawaii Revised Statutes 421C-36

  • Association: means a consumer cooperative association. See Hawaii Revised Statutes 421C-1
  • 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.
  • Share or membership capital: refers to the capital paid into an association by a member in accordance with section 421C-3. See Hawaii Revised Statutes 421C-1

Membership stock or membership certificates under section corporation laws, when applicable” class=”unlinked-ref” datatype=”S” sessionyear=”2019″ statecd=”HI”>421C-3(a), or share or membership capital of any association organized under or existing prior to passage of this chapter shall be included as exempt securities under § 485A-201.