HRS §454M-13
When someone is considered to control a business
Read the official text at capitol.hawaii.gov ↗This section says when a person is legally presumed to control a business. It applies to executive officers, and to directors, general partners, or managing members who have certain voting or selling power over the business's securities.
businesses
The statute, as written — Presumption of control
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
An individual is presumed to control an entity if that individual is: (1) An executive officer of the entity; or (2) A director, general partner, or managing member who directly or indirectly has the right to vote ten per cent or more of a class of voting securities of the entity or has the power to sell or direct the sale of ten per cent or more of a class of voting securities of the entity.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.