§421I-4 - Proxies. - Hawaii Statutes

     [§421I-4]  Proxies.  (a)  A proxy shall be valid only for a specific meeting and any of that meeting's adjournments.

     (b)  A shareholder may designate any person or the board of directors as a proxy, and the proxy may be limited as indicated by the shareholder.  No proxy shall be irrevocable unless:

     (1)  The proxy is coupled with a financial interest in the dwelling unit; or

     (2)  The proxy is held pursuant to a first mortgage of record encumbering a dwelling unit or an agreement of sale affecting a dwelling unit.

     (c)  A proxy statement shall contain at least the following information:

     (1)  The name of the corporation;

     (2)  The date of the meeting to which the proxy is applicable;

     (3)  The printed name and the signature of the shareholder giving the proxy; and

     (4)  The dwelling unit or units for which the proxy is given. [L 1993, c 282, pt of §1]