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HRS §428-802

Company can continue after dissolution to wrap up business

After a limited liability company (LLC) dissolves, it can only keep operating to finish its remaining business. The members can all agree to cancel the dissolution and restart the company as if it never dissolved, but this does not affect rights of outsiders who relied on the dissolution.

businesses

The statute, as written — Limited liability company continues after dissolution

(a) Subject to subsection (b), a limited liability company continues after dissolution only for the purpose of winding up its business. (b) At any time after the dissolution of a limited liability company and before the winding up of its business is completed, the members, including a dissociated member whose dissociation caused the dissolution, may unanimously waive the right to have the company's business wound up and the company terminated. In that case: (1) The limited liability company resumes carrying on its business as if dissolution had never occurred and any liability incurred by the company or a member after the dissolution and before the waiver is determined as if the dissolution had never occurred; and (2) The rights of a third party accruing under section 428-804(a) or arising out of conduct in reliance on the dissolution before the third party knew or received a notification of the waiver are not adversely affected.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§428-804 What members and managers can do after a company dissolves

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.