HRS §414-73

Issued and outstanding shares

Read the official text at capitol.hawaii.gov ↗

This section explains when a company's shares count as issued and outstanding. It also requires that, while any shares are outstanding, the company must keep at least one share with voting rights and at least one share that gets the company's assets if it dissolves.

businesses

The statute, as written — Issued and outstanding shares

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) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or canceled. (b) The reacquisition, redemption, or conversion of outstanding shares is subject to the limitations of subsection (c) and section 414-111. (c) At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.