Association fiscal matters; handling and disbursement of funds
- Statute:
- Hawaii §514B-149 · Chapter CONDO (Hawaii Condominium Property Act (HRS Chapter 514B))
- Topic:
- Assessments · Fiscal
- Applies to:
- Condo associations
(a) The funds in the general operating account of the association shall not be commingled with funds of other activities such as lease rent collections, rental, time share, and assisted living facility operations, nor shall a managing agent commingle any association funds with the managing agent's own funds.
📄 Read the official text at capitol.hawaii.gov →
How SoShiny helps with Association fiscal matters; handling and disbursement of funds
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Hawaii §514B-149 require?
- (a) The funds in the general operating account of the association shall not be commingled with funds of other activities such as lease rent collections, rental, time share, and assisted living facility operations, nor shall a managing agent commingle any association funds with the managing agent's own funds.
- Who does Hawaii §514B-149 apply to?
- Hawaii §514B-149 applies to Condo associations in Hawaii.
- What happens if our condo doesn't comply with §514B-149?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Hawaii community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Hawaii §514B-149?
- The official text is published by the Hawaii State Legislature at capitol.hawaii.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Association fiscal matters; handling and disbursement of funds?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Hawaii §514B-149 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Hawaii-licensed attorney. For the official statutory text, see the link above.
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