(a) A domestic or foreign general partnership may correct a document filed with the director if the document:

Terms Used In Hawaii Revised Statutes 425-1.7

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) Contains incorrect information; or
(2) Was defectively executed, attested, sealed, verified, or acknowledged.
(b) A document is corrected by preparing and delivering to the director for filing, a statement of correction that:

(1) Describes the document including its file date or attaches a copy of it to the statement;
(2) Specifies the incorrect information and the reason it is incorrect or the manner in which the execution was defective;
(3) Corrects the incorrect information or defective execution; and
(4) Is executed and certified by a general partner.
(c) A statement of correction is effective on the effective date of the document it corrects, except as to persons relying on the uncorrected document and adversely affected by the correction. As to those persons, a statement of correction is effective when filed.