Hawaii Revised Statutes Division 2. Business § 428-603

(1) In an at-will company, the company shall cause the dissociated member's company interest to be purchased under part VII; and

(2) In a company having a specified term:

(1) The member's right to participate in the management and conduct of the company's business terminates, except as provided in section 428-803, and the member ceases to be a member and is treated the same as a transferee;

(2) The member's duty of loyalty under section 428-409(b)(3) terminates; and

(3) The member's duty of loyalty under section 428-409(b)(1) and (2) and duty of care under section 428-409(c) continue only with regard to matters arising and events occurring prior to the member's dissociation, unless the member participates in winding up the company's business pursuant to section 428-803.