Director conflict of interest
- Statute:
- Hawaii §414D-150 · Chapter NP (Hawaii Nonprofit Corporations Act (HRS Chapter 414D))
- Topic:
- Governance · Conflicts
- Applies to:
- Nonprofit associations
A conflicted transaction is not void solely because of the director's interest if it was fair, or if it was disclosed and approved by disinterested directors or the members as this section provides. 514B-125 and 421J-5 still require the disclosure to be on the association-board minutes.
📄 Read the official text at capitol.hawaii.gov →
How SoShiny helps with Director conflict of interest
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 §414D-150 require?
- A conflicted transaction is not void solely because of the director's interest if it was fair, or if it was disclosed and approved by disinterested directors or the members as this section provides. 514B-125 and 421J-5 still require the disclosure to be on the association-board minutes.
- Who does Hawaii §414D-150 apply to?
- Hawaii §414D-150 applies to Nonprofit associations in Hawaii.
- What happens if our nonprofit corporation doesn't comply with §414D-150?
- 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 §414D-150?
- 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 Director conflict of interest?
- 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 §414D-150 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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