HRS §414-356
When and how the corporation must pay a dissenting shareholder
After a corporate action that triggers dissenters' rights, the corporation must pay the dissenting shareholder its estimated fair value for the shares plus interest. The payment must come with financial statements, the corporation's value estimate, interest explanation, and notice of the shareholder's right to demand more. This section sets the payment procedure.
The statute, as written — Payment
(a) Except as provided in section 414-358, as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who complied with section 414-354 the amount the corporation estimates to be the fair value of the dissenter's shares, plus accrued interest. (b) The payment must be accompanied by: (1) The corporation's balance sheet as of the end of a fiscal year ending not more than sixteen months before the date of payment, an income statement for that year, a statement of changes in shareholders' equity for that year, and the latest available interim financial statements, if any; (2) A statement of the corporation's estimate of the fair value of the shares; (3) An explanation of how the interest was calculated; (4) A statement of the dissenter's right to demand payment under section 414-359; and (5) A copy of this part.
Sections this one refers to
§414-354 What a shareholder must do to get paid for dissenting shares
§414-358 After-acquired shares
§414-359 What a shareholder can do if they disagree with the payment offer
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