LegalFix
Sign In

414D-185 Amendment pursuant to judicial reorganization.

HI Rev Stat § 414D-185 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

§414D-185 Amendment pursuant to judicial reorganization. (a) A corporation's articles may be amended without board approval or approval by the members or approval required pursuant to section 414D-188 to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute if the articles after amendment contain only provisions required or permitted by section 414D-32.

(b) The individual or individuals designated by the court shall deliver to the department director articles of amendment setting forth:

(1) The name of the corporation;

(2) The text of each amendment approved by the court;

(3) The date of the court's order or decree approving the articles of amendment;

(4) The title of the reorganization proceeding in which the order or decree was entered; and

(5) A statement that the court had jurisdiction of the proceeding under federal statute.

(c) This section shall not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan. [L 2001, c 105, pt of §1]

Previous Section
414D-184 Restated, amended and restated, articles of incorporation.
Next Section
414D-186 Effect of amendment and restatement.