HRS §414D-232
When a nonprofit can give money or benefits
Read the official text at capitol.hawaii.gov ↗This section says when a nonprofit corporation can buy back memberships or give money or benefits to members or affiliates. It must stay able to pay its debts and have assets at least equal to its liabilities. Public benefit corporations have special rules for distributions.
everyone
The statute, as written — Authorized 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.
(a) A corporation other than a public benefit corporation may purchase its memberships if, after the purchase is completed: (1) The corporation would be able to pay its debts as they become due in the usual course of its activities; and (2) The corporation's total assets would be equal to at least the sum of its total liabilities. (b) Corporations may make distributions upon dissolution in conformity with part XIII. (c) The public benefit corporation, in conformity with its purposes, may make distributions to and confer benefits on a member or an affiliate that is another public benefit corporation if, after any distribution is completed: (1) The public benefit corporation would be able to pay its debts as they become due in the usual course of its activities; and (2) The public benefit corporation's total assets would be equal to at least the sum of its total liabilities.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.