Hawaii Revised Statutes 446-1 – Definitions
§446-1 Definitions. As used in this chapter:
Terms Used In Hawaii Revised Statutes 446-1
- 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.
- Debtor: means an individual and includes two or more individuals who are jointly and severally or jointly or severally indebted. See Hawaii Revised Statutes 446-1
- 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.
- Person: means an individual, partnership, corporation, firm, association, or any other legal entity. See Hawaii Revised Statutes 446-1
“Debt adjuster” means a person who for a profit engages in the business of acting as an intermediary between a debtor and the debtor’s creditors for the purpose of settling, compromising, or in any way altering the terms of payment of any debts of the debtor and who:
[(1)] Receives money, property, or other thing of value from the debtor, or on behalf of the debtor, for distribution among the creditors of the debtor; or
[(2)] Otherwise arranges for payment to, or distribution among, the creditors of the debtor.
“Debtor” means an individual and includes two or more individuals who are jointly and severally or jointly or severally indebted.
“Nonprofit organization” means a corporation or association, no part of the net earnings of which may inure to the benefit of any private shareholder or individual.
“Person” means an individual, partnership, corporation, firm, association, or any other legal entity.