§211F-13 - Limitations on debt owed to corporation. - Hawaii Statutes

     [§211F-13]  Limitations on debt owed to corporation.  Not more than $5,000,000 in financial assistance, excluding rights and royalties under a venture capital agreement, shall be provided to any one enterprise at any time.  The direct investments of the corporation shall not exceed five per cent of the assets of the corporation, excluding rights and royalties under a venture capital agreement, provided that by a two-thirds vote of the board this amount may be increased to a limit of twenty-five per cent of the total assets of the corporation. [L 1990, c 110, pt of §3]