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HRS §414-83

When shareholders are not personally responsible

This section says that people who buy shares from a company only owe the agreed price for those shares. Shareholders are not personally responsible for the company's actions or debts, unless the company's rules say otherwise or the shareholder does something that makes them responsible.

buyers

The statute, as written — Liability of shareholders

(a) A purchaser from a corporation of the corporation's own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued (section 414-82) or specified in the subscription agreement (section 414-81). (b) Unless otherwise provided in the articles of incorporation a shareholder of a corporation is not personally liable for the acts or debts of the corporation except that such shareholder may become personally liable by reason of such shareholder's own acts or conduct.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§414-81 Rules for buying shares before a company is formed

§414-82 How a company can issue shares and what it must decide first

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