§211G-19 - Adoption of rules, policies, procedures, and regulatory and administrative measures; enforceability of guarantees of corporation unaffected.
[§211G-19] Adoption of rules, policies,procedures, and regulatory and administrative measures; enforceability ofguarantees of corporation unaffected. (a) The corporation may adoptrules, policies, procedures, and regulatory and administrative measuresnecessary to administer the programs of the corporation or convenient for theorganizational and internal management of the corporation's and board'sresponsibilities.
(b) The level, timing, or degree of success ofthe corporation in mobilizing or ensuring investment in Hawaii businesses orprojects shall not compromise, diminish, invalidate, or affect theenforceability of any guarantee of the corporation. [L 2004, c 215, pt of §1]