HRS §454M-13
When someone is considered to control a business
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
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.