§421I-1 Cooperative housing corporation; defined. As used in this chapter, unless otherwise indicated by the context, “corporation” means a cooperative housing corporation that: (1) Has one and only one class of stock outstanding; (2) Allows each tenant shareholder to occupy a dwelling unit for dwelling purposes solely by reason of the tenant shareholder’s ownership of […]
§421I-10 Applicability of other laws. Nothing in this chapter shall be construed to relieve any corporation from compliance with or being subject to any other applicable law. [L 1993, c 282, pt of §1]
§421I-11 Application of Hawaii business corporation act. The provisions of the Hawaii Business Corporation Act, chapter 414, shall apply to cooperative housing corporations, except to the extent that the provisions of chapter 414 are inconsistent with this chapter. [L 1993, c 282, pt of §1; am L 2002, c 40, §60]
§421I-12 Employees of cooperative housing corporations; background checks. The board of directors of a cooperative housing corporation, or the manager of a cooperative housing project, upon the written authorization of an applicant for employment as a security guard or manager or for a position that would allow the employee access to the keys of or […]
§421I-13 Service of process. The board of directors of the corporation shall establish a policy to provide reasonable access to persons authorized to serve civil process in compliance with section 634-21.5. [L 2009, c 158, § §1, 8; am L 2011, c 65, §1]
§421I-2 Amendment of bylaws. The bylaws of a corporation may be amended only upon receiving the affirmative vote or written consent of at least two-thirds of the shareholders. [L 1993, c 282, pt of §1]
§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 […]
§421I-4 Proxies. (a) A proxy shall be valid only for a specific meeting and any of that meeting’s adjournments. (b) A shareholder may designate any person or the board of directors as a proxy, and the proxy may be limited as indicated by the shareholder. No proxy shall be irrevocable unless: (1) The proxy is […]
§421I-5 Meetings of the board of directors. (a) All meetings of the board of directors, other than executive sessions, shall be open to all shareholders, and the shareholders may participate in any deliberation or discussion unless a majority of a quorum of the board of directors votes otherwise. The board of directors may adopt reasonable […]
§421I-6 Documents of the corporation. (a) Upon approval by the board of directors of the corporation’s most current financial statement and the minutes of the most recent board of directors’ meeting, the statement and the minutes shall be available for examination by any shareholder at no cost or on twenty-four hour loan, at convenient hours […]
§421I-7 Shareholder list. The resident manager or managing agent or board of directors shall keep an accurate and current list of shareholders of the corporation and their current addresses, including the names and addresses of the vendees under an agreement of sale, if any. The list shall be maintained at a place designated by the […]
§421I-8 Notification of assessment increases. (a) The board of directors shall notify the shareholders in writing of any increase in assessments for common expenses, at least thirty days prior to the increase. (b) As used in this section, “assessments for common expenses” means any amounts collected from shareholders pursuant to the terms of the corporation’s […]
§421I-9 Mediation and arbitration of disputes. At the request of any party, any dispute concerning or involving one or more shareholders and a corporation, its board of directors, managing agent, resident manager, or one or more other shareholders relating to the interpretation, application, or enforcement of this chapter or the corporation’s articles of incorporation, bylaws, […]
