Hawaii Revised Statutes 425-201 – Definitions
Terms Used In Hawaii Revised Statutes 425-201
- Association: means an association organized under chapter 421 or 421C. See Hawaii Revised Statutes 425-201
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
As used in this part:
“Association” means an association organized under chapter 421 or 421C.
“Merger” means the procedure authorized by this part in which one domestic or foreign entity combines with one or more domestic or foreign entities resulting in either one surviving entity or one new entity.
“Organizing articles” means:
(1) For an association, corporation, or nonprofit corporation, the articles of incorporation;
(2) For a general partnership or limited liability partnership, the registration statement;
(3) For a limited partnership, the certificate of limited partnership; and
(4) For a limited liability company, the articles of organization.
“Other business entity” means a corporation, limited liability company, limited partnership, or association.