Hawaii Revised Statutes 421h. Limited-Equity Housing Cooperatives

  • 421h-1 Definitions.
    As used in this chapter, unless otherwise indicated by the context: "Corporate equity" means the excess of the current fair market value of the...
  • 421h-2 Articles of Incorporation.
    (a) The articles of incorporation and bylaws shall require the purchase and sale of the stock of resident owners who cease to be residents,...
  • 421h-3 Contents of Bylaws.
    The bylaws shall provide at least the following: (1) The election of a board of directors, the number of persons constituting the board, and...
  • 421h-4 Use of Corporate Equity.
    (a) The corporate equity shall not be used for distribution to members, but only for the following purposes, and only to the extent authorized...
  • 421h-5 Repealed.
    L 2002, c 129, ยง6.
  • 421h-6 Arbitration of Disputes.
    (a) At the request of any party, any dispute concerning or involving one or more stockholders and a limited-equity housing corporation, its board of...

Cross References

Right of first refusal for purchase of leased fee interest in condominiums and cooperatives, see chapter 514C.

Placement of clotheslines, see 196-8.5.

Case Notes

Chapter did not preempt ordinance relating to residential condominium leasehold conversion. 76 H. 46, 868 P.2d 1193.

Last modified: October 27, 2016