HRS §414-357
What happens if the corporation delays the proposed action
If the corporation doesn't do the proposed action within 60 days after you demand payment and turn in your shares, it must give back your certificates and lift any transfer limits. If it later does the action, it must start the notice and payment process over.
businessescondominium associations
The statute, as written — Failure to take action
(a) If the corporation does not take the proposed action within sixty days after the date set for demanding payment and depositing share certificates, the corporation shall return the deposited certificates and release the transfer restrictions imposed on uncertificated shares. (b) If after returning deposited certificates and releasing transfer restrictions, the corporation takes the proposed action, it must send a new dissenters' notice under section 414-353 and repeat the payment demand procedure.
Sections this one refers to
§414-353 Notice that dissenting shareholders must receive
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.