HRS §490:8-113
No written contract needed for securities deals
Read the official text at capitol.hawaii.gov ↗This section says that contracts to buy or sell securities are valid and can be enforced even if they are not in writing and even if they take longer than a year to complete. No special paperwork is required.
everyone
The statute, as written — Statute of frauds inapplicable
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.
A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the contract or modification is not capable of performance within one year of its making.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.