Hawaii §421I-3

Board of directors; election

Statute:
Hawaii §421I-3 · Chapter COOP (Hawaii Cooperative Housing Corporations Act (HRS Chapter 421I))
Topic:
Governance · Election
Applies to:
Co-op associations

A meeting to elect the board is due 180 days after the first dwelling is conveyed if 40 percent of the dwellings have been conveyed; if not within a year, owners of 10 percent of the shares may petition. Every director is a shareholder, a shareholder's spouse, or a trust beneficiary. One dwelling, one board seat.

180 days; forty percent; ten percent; shareholder; one representative

📄 Read the official text at capitol.hawaii.gov →

How SoShiny helps with Board of directors; election

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.

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Frequently asked

What does Hawaii §421I-3 require?
A meeting to elect the board is due 180 days after the first dwelling is conveyed if 40 percent of the dwellings have been conveyed; if not within a year, owners of 10 percent of the shares may petition. Every director is a shareholder, a shareholder's spouse, or a trust beneficiary. One dwelling, one board seat.
Who does Hawaii §421I-3 apply to?
Hawaii §421I-3 applies to Co-op associations in Hawaii.
What happens if our co-op doesn't comply with §421I-3?
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 §421I-3?
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 Board of directors; election?
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 §421I-3 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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