§516-4 Trusts and estates. The rights granted to lessees by this chapter shall be effective, notwithstanding any condition or provision to the contrary in any instrument creating any life tenancy, defeasible fee, estate, or trust, regardless of whether such tenancy, fee, estate or trust was in effect prior to June 24, 1967 or is created hereafter; and the life tenant, holder, officer, or trustee of any such tenancy, defeasible fee, estate, or trust may convey residential leases for terms exceeding twenty years and shall perform all acts required of the life tenant, holder, officer, or trustee by this chapter. Every such instrument now in existence or hereafter executed shall be construed in conformity with the intent and purpose of this chapter. No trustee, officer, or agent of a lessor or other legal or equitable owner shall, while acting pursuant to this chapter, be deemed to be acting in bad faith or to have committed a breach of trust. [L 1967, c 307, §5; HRS §516-4; am L 1975, c 184, §2(3); gen ch 1985]
Law Journals and Reviews
Hawaii's Land Reform Act: Is it Constitutional? 6 HBJ 31.
Section: Previous 516-1 516-2 516-3 516-4 516-5 516-6 516-7 516-8 516-9 516-21 516-22 516-23 516-24 516-24.5 516-25 NextLast modified: October 27, 2016