Hawaii Revised Statutes Division 3. Property; Family § 514B-51

(1) The disposition of units exempted from the developer's public report requirements pursuant to section 514B-81(b);

(2) Projects in which all units are restricted to nonresidential uses and all units are to be sold for $1,000,000 or more; or

(3) The sale of units in bulk, such as where a developer undertakes to develop and then sells all or a portion of the developer's entire inventory of units to a purchaser who is a developer. The registration requirements of this section and the developer's amended developer's public report requirements of section 514B-56 shall apply to any sale of units to the public following a sale of units in bulk.