ยง516-26 - Interest in compensation paid by the corporation.
ยง516-26ย Interest in compensation paid by
the corporation.ย The fee owner, lessor, and all legal and equitable owners
shall share in the compensation paid by the Hawaii housing finance and
development corporation as their respective interests appear.ย Notwithstanding
any contrary provision in any contract or lease, a developer or other person
entitled to share in the lease rentals shall share in such compensation paid by
the corporation to the extent of the developer's or other person's interest as
may be determined by agreement of those entitled to share in the compensation
paid by the corporation, or in the absence of such agreement, pursuant to
chapter 658A. [L 1967, c 307, ยง15; HRS ยง516-26; am L 1975, c 184, ยง2(10); gen
ch 1985; am L 1987, c 337, ยง16; am L 1988, c 104, ยง2; am L 1997, c 350, ยง14; am
L 2001, c 265, ยง4; am L 2005, c 196, ยง26(b); am L 2006, c 180, ยง16]