HRS §414D-157

Officer contracts and removal rules

This section says that being appointed as an officer does not by itself create a contract with the corporation. Removing or resigning an officer does not cancel any existing contract rights either side may have.

The statute, as written — Contract rights of officers

(a) The appointment of an officer shall not itself create contract rights. (b) An officer's removal shall not affect the officer's contract rights, if any, with the corporation. An officer's resignation shall not affect the corporation's contract rights, if any, with the officer.

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.