HRS §415A-7
Corporation buying its own shares
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 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.
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