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Hawaii Revised Statutes Division 3. Property; Family § 514B-67

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

(a) The commission, after notice and hearing, may issue an order terminating the registration of a condominium project upon determination that a developer, or any officer, principal, or affiliate of a developer has:

(1) Failed to comply with a cease and desist order issued by the commission affecting that condominium project;

(2) Concealed, diverted, or disposed of any funds or assets of any person in a manner impairing rights of purchasers of units in that condominium project;

(3) Failed to perform any stipulation or agreement made to induce the commission to issue an order relating to that condominium project;

(4) Misrepresented or failed to disclose a material fact in the application for registration;

(5) Failed to meet any of the conditions described in this part necessary to qualify for registration; or

(6) Failed to conform or comply with county zoning and development ordinances as required by chapter 205, including section 205-4.6 where applicable, and section 514B-5.

(b) A developer may not convey, cause to be conveyed, or contract for the conveyance of any interest in a unit while an order revoking the registration of the condominium project is in effect, without the consent of the commission.

(c) The commission may issue a cease and desist order in lieu of an order of revocation where appropriate.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 3. Property; Family § 514B-67 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-3-property-family/hi-rev-st-sect-514b-67/

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