HRS §421I-4
Rules for shareholder proxies at meetings
This section explains how proxies work for shareholder meetings. A proxy only works for one specific meeting and its adjournments. You can choose anyone or the board as your proxy, and you can limit what they can do. A proxy cannot be permanent unless it involves a financial interest or a mortgage on your unit. The proxy paper must list certain information.
condominium associationscondominium owners
The statute, as written — Proxies
(a) A proxy shall be valid only for a specific meeting and any of that meeting's adjournments. (b) A shareholder may designate any person or the board of directors as a proxy, and the proxy may be limited as indicated by the shareholder. No proxy shall be irrevocable unless: (1) The proxy is coupled with a financial interest in the dwelling unit; or (2) The proxy is held pursuant to a first mortgage of record encumbering a dwelling unit or an agreement of sale affecting a dwelling unit. (c) A proxy statement shall contain at least the following information: (1) The name of the corporation; (2) The date of the meeting to which the proxy is applicable; (3) The printed name and the signature of the shareholder giving the proxy; and (4) The dwelling unit or units for which the proxy is given.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.