§53-25 Application of other corporation laws.
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/hi/chapter-53/53-25A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§53-25 Application of other corporation laws. All provisions of the general corporation laws, not inapplicable and not inconsistent with the provisions of this part shall apply to redevelopment corporations. If any action with respect to which the holders of income debentures shall have the right to vote is proposed to be taken, then notice of any meeting at which the action is proposed to be taken shall be given to the holders in the same manner and to the same extent as if they were stockholders entitled to notice of and to vote at the meeting, and any certificate filed pursuant to law with the state director of commerce and consumer affairs with respect to any action, whether taken with or without meeting, and any affidavit required by law to be annexed to the certificate, shall contain the same statements or recitals and the certificate shall be subscribed and acknowledged, and the affidavit shall be made, in the same manner as if the holders were stockholders holding shares of an additional class of stock entitled to vote on the action or with respect to the proceedings provided for in the certificate. [L 1949, c 379, §8;
RL 1955, §143-24; am L Sp 1959 2d, c 1, §15; am L 1963, c 114, §3; HRS §53-25; am L 1982, c 204, §8; am L 1983, c 124, §17]