HRS §414D-157

Officer contracts and removal rules

Read the official text at capitol.hawaii.gov ↗

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 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) 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.