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HRS §428-803

Who can close the company's business after it dissolves

This section explains who can close a dissolved limited liability company's business. A member who didn't leave wrongfully can do it, and a court may supervise if needed. The person closing can keep the business running temporarily, handle lawsuits, sell property, pay debts, and distribute assets.

everyone

The statute, as written — Right to wind up the limited liability company's business

(a) After dissolution, a member who has not wrongfully dissociated may participate in winding up a limited liability company's business; provided that on application of any member, member's legal representative, or transferee, the circuit court, for good cause shown, may order judicial supervision of the winding up. (b) A legal representative of the last surviving member may wind up a limited liability company's business. (c) A person winding up a limited liability company's business may preserve the company's business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal, or administrative, settle and close the company's business, dispose of and transfer the company's property, discharge the company's liabilities, distribute the assets of the company pursuant to section 428-806, settle disputes by mediation or arbitration, and perform other necessary acts and may publish notice of intent to terminate as provided in section 428-808.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§428-806 How a company's assets are divided when it closes

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