{"data":{"id":"us-hi/haw.-rev.-stat.-514e-26","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 514E-26","heading":"Termination of a trust.","body":"(a) In the case of a time share use plan, the trust for the time share units shall be irrevocable during the time that any owner of a time share interest has a right to the occupancy of a time share unit, except as provided in subsection (c).\n\n(b) In a time share ownership plan, the trust for a time share unit shall be irrevocable until all blanket liens are extinguished, except as provided in subsection (c).\n\n(c) The developer may elect to terminate the use of a trust for a time share unit if, at a later date[:]\n\n(1) The trustee records a notice of time share plan after the recording of either:\n\n(A) Nondisturbance agreements executed by every lienholder who has a blanket lien against the time share unit, or\n\n(B) The director's acceptance of a surety bond or irrevocable letter of credit for that unit; or\n\n(2) The director approves alternative arrangements [that] permit the termination of the trust.","path":["HI Code","Division 3","Title 28","Chapter 514E"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol12_Ch0501-0588/HRS0514E/HRS_0514E-0026.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"a4d20ff0b9edb0f654a844df18ce8aebcf129d40fd92daf4a3a6da25342963d6","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-514e-25","next":"us-hi/haw.-rev.-stat.-514e-27"},"notice":"GroundRules: Original legal text. Not legal advice."}