HRS §437-27
Reporting changes in your license status
If your license status changes during the license period, you must tell the board within 15 days. This covers changes in officers, owners, salespeople, premises, franchises, or asset assignments. The board can still suspend, revoke, or deny renewal. Manufacturers and distributors must also give written notice about franchise terminations.
businessesemployees
The statute, as written — Change of status, notice
If the status of any licensee changes during the period for which the license is issued because of: (1) Changes in officers, directors, or limited partners of the licensee or termination of the employment of any licensed salesperson; (2) The transfer of more than ten per cent of the ownership of the licensee to one person; (3) The termination of a licensed premises by a dealer or auction or the acquiring or termination of a franchise; or (4) The assignment of any part of the licensee's assets for the benefit of creditors; the licensee shall within fifteen days thereafter file with the board notice of such change containing such information as may be required by the board; provided that nothing contained in this section shall limit the power of the board to suspend, revoke, or deny the renewal of such license or impose any other penalty authorized by this chapter. A manufacturer or distributor shall give written notice to the board pursuant to section 437-58, of its intent to terminate, discontinue, cancel, or fail to renew a franchise agreement.
Sections this one refers to
§437-58 Ending a car dealer franchise agreement
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