(a) A proxy shall be valid only for a specific meeting and any of that meeting’s adjournments.
Terms Used In Hawaii Revised Statutes 421I-4
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(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.
