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Hawaii Revised Statutes Division 2. Business § 431:4-105

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

(a) Before applying to the commissioner for an initial certificate of authority, a stock or mutual insurer is required to file with the commissioner an affidavit, sworn to by the president, secretary, and treasurer of the corporation as named in the articles of incorporation.

(b) The affidavit shall set forth:

(1) The number of shares which the corporation is authorized to issue;

(2) The par value of the shares;

(3) The names of the shareholders;

(4) The number of shares owned by each shareholder;

(5) The amount of money paid to the corporation by each shareholder; and

(6) That the required capital has been paid in full in cash.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 431:4-105 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-431-4-105/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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