HRS §414-89
Paying company costs from share sales
Read the official text at capitol.hawaii.gov ↗A corporation can use the money it gets from selling its shares to pay for the costs of selling or underwriting those shares, and for the costs of setting up or reorganizing the company.
The statute, as written — Expense of issue
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 corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.