Haw. Rev. Stat. § 454M-13: Presumption of control.
Where this section sits in the code
- HI Code
- Division 2
- Title 25
- Chapter 454M
An individual is presumed to control an entity if that individual is:
(1) An executive officer of the entity; or
(2) A director, general partner, or managing member who directly or indirectly has the right to vote ten per cent or more of a class of voting securities of the entity or has the power to sell or direct the sale of ten per cent or more of a class of voting securities of the entity.
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