HRS §414D-151

Loans to or guaranties for directors and officers

Read the official text at capitol.hawaii.gov ↗

This section bans a corporation from lending money to or backing the debts of its own directors or officers. Even if such a loan or guaranty is made illegally, the borrower still owes the money.

businesses

The statute, as written — Loans to or guaranties for directors and officers

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 not lend money to or guaranty the obligation of a director or officer of the corporation. (b) The fact that a loan or guaranty is made in violation of this section shall not affect the borrower's liability on the loan.

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.