HRS §421-21
Voluntary dissolution
This section says that when a cooperative association wants to dissolve itself, it must follow the same rules as regular profit or nonprofit corporations, depending on its type. The dissolution must be approved at a special meeting by at least two-thirds of the votes cast on the issue.
counties
The statute, as written — Voluntary dissolution
Chapter 414, relating to the voluntary dissolution of profit corporations, and chapter 414D, relating to the voluntary dissolution of nonprofit corporations, shall apply, as the case may be, to associations formed under this chapter except that the dissolution shall be approved at a meeting duly called and held for the purpose by not less than two-thirds of the voting power voting thereon.
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