ยง419-6 - Distribution of assets; inspection of books.
ยง419-6ย Distribution of assets; inspection
of books.ย Except upon liquidation of the property of the corporation in
case of dissolution, no part of the assets, income, or earnings of the
corporation shall be withdrawn from or sent out of the State, unless the
remaining assets of the corporation shall then equal in value twice the amount
of the indebtedness of the corporation.
The director of commerce and consumer affairs
shall at all times have access to the books of the corporation. [L Sp 1941, c
58, pt of ยง1(6769A); RL 1945, ยง8406; RL 1955, ยง175-6; am L Sp 1959 2d, c 1,
ยง15; am L 1963, c 114, ยง3; HRS ยง419-6; am L 1982, c 204, ยง8; am L 1983, c 124,
ยง17]