HRS §414-5
How to count shareholders in a corporation
Read the official text at capitol.hawaii.gov ↗This section explains how to count shareholders for the purposes of the law. It says that certain groups of people or entities count as one shareholder. It also says that shares held under similar names count as one if they likely belong to the same person.
The statute, as written — Number of shareholders
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder: (1) Three or fewer co-owners; (2) A corporation, partnership, trust, estate, or other entity; or (3) The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. (b) For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.