HRS §414D-161
When a company must pay a director's legal costs
Read the official text at capitol.hawaii.gov ↗This section says a corporation must pay a director's reasonable legal expenses if the director fully wins a lawsuit or other legal case brought against them because of their role as a director. This only applies unless the company's own rules limit this payment.
The statute, as written — Mandatory indemnification
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.
Unless limited by its articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because the director is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.