HRS §428-806
How a company's assets are divided when it closes
When a limited liability company closes, it must first pay all its debts, including money owed to members who lent it money. After debts are paid, any leftover money is given to members, first returning their contributions, then splitting the rest equally.
creditors
The statute, as written — Distribution of assets in winding up the limited liability company's business
(a) In winding up a limited liability company's business, the assets of the company shall be used to discharge its obligations to creditors, including members who are creditors. Any surplus shall be used to pay in money the net amount distributable to members in accordance with their rights to distribution under subsection (b). (b) Each member is entitled to a distribution upon the winding up of the limited liability company's business consisting of a return of all contributions which have not previously been returned and a distribution of any remainder in equal shares.
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