Hawaii § 421I-3 - Board of directors; election.
Full text of Hawaii Hawaii Revised Statutes § 421I-3 — Board of directors; election., with citation guidance and answers to common questions.
§ 421I-3. Board of directors; election.
(a) A meeting of the corporation for the purpose of electing the board of directors shall be held not later than one hundred eighty days after the first conveyance of a dwelling unit to a shareholder, if at least forty per cent of the dwelling units have been conveyed by that time. If forty per cent of the dwelling units have not been conveyed within one year after the first conveyance, the meeting of the corporation may be held upon the call of the owners of at least ten per cent of the shares by a petition presented to the secretary of the corporation. (b) Every member of the board of directors shall be: (1) A shareholder of the corporation; (2) A spouse of a shareholder; or (3) A trust beneficiary, if the shareholder is a trustee. (c) Each dwelling unit shall have only one representative on the board of directors. [L 1993, c 282, pt of §1; am L 2024, c 178, §13] Previous Vol08_Ch0401-0429 Next
Source: official Hawaii text · Last verified 2026-08-27
Frequently Asked Questions About Hawaii § 421I-3
What does Hawaii Revised Statutes § 421I-3 cover?
Section 421I-3 ("Board of directors; election.") 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 § 421I-3?
A common citation format is "Hawaii Revised Statutes § 421I-3" (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 § 421I-3 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.