Hawaii § 211E-1 - Definitions.
Full text of Hawaii Hawaii Revised Statutes § 211E-1 — Definitions., with citation guidance and answers to common questions.
§ 211E-1. Definitions.
As used in this chapter: "Financing" means furnishing risk capital to persons for use in the development or exploitation of specific inventions or products. "Innovation" means any new product or invention. "Invention" means any new process or technique for which a patent has been granted; or which in the opinion of the advisory committee, the chance of obtaining a patent thereon is favorable. "Inventor" means any resident taxpayer subject to the jurisdiction of the laws of the State of Hawaii who develops an innovation. "Loan" means financing in which the department of business, economic development, and tourism shall prescribe the form of participation under section 211E-2(b) to carry out the purposes of this chapter. "Product" means any product, device, technique, or process, which is or may be exploitable commercially. This term shall not refer to pure research but shall be construed to apply to such products, devices, techniques, or processes which have advanced beyond the theoretical stage and are readily capable of being, or have been reduced to practice. "Venture" means, without limitation, any contractual arrangement with any person whereby the investor with risk capital obtain rights from or in an invention or product or proceeds therefrom in exchange for financing such persons. [L Sp 1981 1st, c 8, pt of §2; am L 1987, c 242, §3 and c 336, §7; am L 1990, c 293, §8] Note Section 211E-2 referred to in the definition of "loan" is repealed. Previous Vol04_Ch0201-0257 Next
Frequently Asked Questions About Hawaii § 211E-1
What does Hawaii Revised Statutes § 211E-1 cover?
Section 211E-1 ("Definitions.") is part of the Hawaii Revised Statutes, the codified statutory law of Hawaii. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Hawaii § 211E-1?
A common citation format is "Hawaii Revised Statutes § 211E-1" (Hawaii). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Hawaii law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Hawaii official source linked on this page or consult a licensed Hawaii attorney.
How does Hawaii § 211E-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Hawaii can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Hawaii.