Hawaii Revised Statutes 421i. Cooperative Housing Corporations

• 421i-1 Cooperative Housing Corporation; Defined.
  As used in this chapter, unless otherwise indicated by the context, "corporation" means a cooperative housing corporation that: (1) Has one and only one...
• 421i-2 Amendment of Bylaws.
  The bylaws of a corporation may be amended only upon receiving the affirmative vote or written consent of at least two-thirds of the shareholders. [L...
• 421i-3 Board of Directors; Election.
  (a) A meeting of the corporation for the purpose of electing the board of directors shall be held not later than one hundred eighty days...
• 421i-4 Proxies.
  (a) A proxy shall be valid only for a specific meeting and any of that meeting's adjournments. (b) A shareholder may designate any person...
• 421i-5 Meetings of the Board of Directors.
  (a) All meetings of the board of directors, other than executive sessions, shall be open to all shareholders, and the shareholders may participate in...
• 421i-6 Documents of the Corporation.
  (a) Upon approval by the board of directors of the corporation's most current financial statement and the minutes of the most recent board of...
• 421i-7 Shareholder List.
  The resident manager or managing agent or board of directors shall keep an accurate and current list of shareholders of the corporation and their...
• 421i-8 Notification of Assessment Increases.
  (a) The board of directors shall notify the shareholders in writing of any increase in assessments for common expenses, at least thirty days prior...
• 421i-9 Mediation and Arbitration of Disputes.
  At the request of any party, any dispute concerning or involving one or more shareholders and a corporation, its board of directors, managing agent,...
• 421i-10 Applicability of Other Laws.
  Nothing in this chapter shall be construed to relieve any corporation from compliance with or being subject to any other applicable law. [L 1993,...
• 421i-11 Application of Hawaii Business Corporation Act.
  The provisions of the Hawaii Business Corporation Act, chapter 414, shall apply to cooperative housing corporations, except to the extent that the provisions of chapter...
• 421i-12 Employees of Cooperative Housing Corporations; Background Checks.
  The board of directors of a cooperative housing corporation, or the manager of a cooperative housing project, upon the written authorization of an applicant...
• 421i-13 Service of Process.
  The board of directors of the corporation shall establish a policy to provide reasonable access to persons authorized to serve civil process in compliance with...

Last modified: October 27, 2016