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Hawaii Revised Statutes Division 2. Business § 421I-4

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) A proxy shall be valid only for a specific meeting and any of that meeting's adjournments.

(b) A shareholder may designate any person or the board of directors as a proxy, and the proxy may be limited as indicated by the shareholder. No proxy shall be irrevocable unless:

(1) The proxy is coupled with a financial interest in the dwelling unit; or

(2) The proxy is held pursuant to a first mortgage of record encumbering a dwelling unit or an agreement of sale affecting a dwelling unit.

(c) A proxy statement shall contain at least the following information:

(1) The name of the corporation;

(2) The date of the meeting to which the proxy is applicable;

(3) The printed name and the signature of the shareholder giving the proxy; and

(4) The dwelling unit or units for which the proxy is given.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 421I-4 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-421i-4/

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