HRS §414-87
When a corporation can issue shares without paper certificates
A corporation's board can decide to issue some or all shares without paper certificates, unless the company's rules say otherwise. Existing paper certificates stay valid until turned in. After issuing or transferring such shares, the company must send the shareholder a written statement with the same information that would be on a certificate.
The statute, as written — Shares without certificates
(a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issuance of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation. (b) Within a reasonable time after the issuance or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by section 414-86(b) and (c), and, if applicable, section 414-88.
Sections this one refers to
§414-86 What must be on a stock certificate
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