Updated on August 26th, 2022
Hawaii corporate bylaws are used to outline the operating procedures and management of a newly-formed corporation. In Hawaii, corporate bylaws must be adopted during the first meeting of the initial board of directors, at a time when the entity’s business strategies and internal affairs are being structured.
The bylaws will relay provisions regarding the appointment and number of corporate directors, annual meetings, stock issuance, voting requirements, and the corporation’s obligations to shareholders. All decisions made by the board must comply with Hawaii law and be consistent with the Articles of Incorporation.
Bylaws required? Yes (§ 414-36(a))