HRS §414D-307
Reporting director payments to members
Read the official text at capitol.hawaii.gov ↗If a corporation pays or advances money to a director for legal costs in a lawsuit brought by or for the corporation, it must tell the members in writing. This report must go out with or before the notice for the next members' meeting.
The statute, as written — Report of indemnification to members
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.
If a corporation indemnifies or advances expenses to a director under sections 414D-160 to 414D-163, in connection with a proceeding by or in the right of the corporation, the corporation shall report the indemnification or advance in writing to the members with or before the notice of the next meeting of members.
Sections this one refers to
§414D-160 When a company can pay a director's legal costs
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