{"data":{"id":"us-hi/haw.-rev.-stat.-414-32","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 414-32","heading":"Articles of incorporation.","body":"(a) The articles of incorporation shall set forth:\n\n(1) A corporate name for the corporation that satisfies the requirements of section 414-51;\n\n(2) The number of shares the corporation is authorized to issue;\n\n(3) The mailing address of the corporation's initial principal office and the information required by section 425R-4(a); and\n\n(4) The name and address of each incorporator.\n\n(b) The articles of incorporation may set forth:\n\n(1) The names and addresses of the individuals who are to serve as the initial directors;\n\n(2) Provisions not inconsistent with law regarding:\n\n(A) The purpose or purposes for which the corporation is organized;\n\n(B) Managing the business and regulating the affairs of the corporation;\n\n(C) Defining, limiting, and regulating the powers of the corporation, its board of directors, and shareholders;\n\n(D) A par value for authorized shares or classes of shares; and\n\n(E) The imposition of personal liability on shareholders for the debts of the corporation to a specified extent and upon specified conditions;\n\n(3) Any provision that under this chapter is required or permitted to be set forth in the bylaws;\n\n(4) A provision eliminating or limiting the liability of a director to the corporation or its shareholders for money damages for any action taken, or any failure to take any action, as a director, subject to section 414-222; and\n\n(5) A provision permitting or making obligatory indemnification of a director for liability (as defined in section [414-241]) to any person for any action taken, or any failure to take any action, as a director, except liability for:\n\n(A) Receipt of a financial benefit to which the director is not entitled;\n\n(B) An intentional infliction of harm on the corporation or its shareholders;\n\n(C) A violation of section 414-223; or\n\n(D) An intentional violation of criminal law.\n\n(c) The articles of incorporation need not set forth any of the corporate powers enumerated in this chapter.","path":["HI Code","Division 2","Title 23","Chapter 414"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol08_Ch0401-0429/HRS0414/HRS_0414-0032.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"da85b60d153baef1a499c1cc8732cc8b485e9f1668af34ff9757ca6410c1bf58","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-414-318","next":"us-hi/haw.-rev.-stat.-414-33"},"notice":"GroundRules: Original legal text. Not legal advice."}