HRS §415A-7
Corporation buying its own shares
Read the official text at capitol.hawaii.gov ↗A professional corporation can buy its own shares from someone who is disqualified, even if it lacks extra money, but only if the corporation is not already unable to pay its debts and the purchase won't make it unable to pay them.
businesses
The statute, as written — Right of corporation to acquire its own shares
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 professional corporation may purchase its own shares from a disqualified person without regard to the availability of capital or surplus for such purchase; provided no purchase of or payment for its own shares shall be made at a time when the corporation is insolvent or when such purchase or payment would make it insolvent.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.