(a) No certificate for membership or any class of stock shall be issued until paid for in full.

Terms Used In Hawaii Revised Statutes 421C-21

  • Share or membership capital: refers to the capital paid into an association by a member in accordance with section 421C-3. See Hawaii Revised Statutes 421C-1
(b) The amount required to be paid in on share or membership capital by members shall not exceed twenty-five per cent of the average monthly wage in this State, as defined by the department of labor and industrial relations.
(c) Associations shall make available to all members a statement listing all rights and privileges of membership.

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