Hawaii Revised Statutes 206M-3.4 – Contracts for services necessary for management and operation of corporation
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Hawaii Revised Statutes 206M-3.4
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The corporation may contract with others, public or private persons, for the provision of all or a portion of the services necessary for the management and operation of the corporation. The corporation shall have the power to use all appropriations, grants, contractual reimbursements, and all other funds not appropriated for a designated purpose to pay for the proper general expenses and to carry out the purposes of the corporation.