Hawaii Revised Statutes 432C-4 – Directors, officers of nonprofit entity; prohibition
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Terms Used In Hawaii Revised Statutes 432C-4
- Conversion: means the transfer or sale of a significant amount of a nonprofit entity's assets to a for-profit entity or through any other means as determined by the commissioner. See Hawaii Revised Statutes 432C-1
- For-profit entity: means a corporation organized under chapter 414, including a stock insurance company. See Hawaii Revised Statutes 432C-1
- Nonprofit entity: means any charitable organization operating pursuant to Title Hawaii Revised Statutes 432C-1