§516-4  Trusts and estates.  The rights
granted to lessees by this chapter shall be effective, notwithstanding any
condition or provision to the contrary in any instrument creating any life
tenancy, defeasible fee, estate, or trust, regardless of whether such tenancy,
fee, estate or trust was in effect prior to June 24, 1967 or is created
hereafter; and the life tenant, holder, officer, or trustee of any such
tenancy, defeasible fee, estate, or trust may convey residential leases for
terms exceeding twenty years and shall perform all acts required of the life
tenant, holder, officer, or trustee by this chapter.  Every such instrument now
in existence or hereafter executed shall be construed in conformity with the
intent and purpose of this chapter.  No trustee, officer, or agent of a lessor
or other legal or equitable owner shall, while acting pursuant to this chapter,
be deemed to be acting in bad faith or to have committed a breach of trust. [L
1967, c 307, §5; HRS §516-4; am L 1975, c 184, §2(3); gen ch 1985]



 



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  Hawaii's Land Reform Act:  Is it Constitutional?  6 HBJ 31.