HRS §414D-231

Prohibited distributions

Read the official text at capitol.hawaii.gov ↗

This section says a corporation cannot give money or property to its owners unless another law allows it. It is a narrow rule with no details about when distributions are allowed.

businesses

The statute, as written — Prohibited distributions

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.

Except as authorized by section 414D-232, a corporation shall not make any distributions.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§414D-232 When a nonprofit can give money or benefits

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.