Hawaii Revised Statutes 88-22 – System established; name
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Terms Used In Hawaii Revised Statutes 88-22
- 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.
There shall be a retirement system for the purpose of providing retirement allowances and other benefits for employees. It shall have the powers and privileges of a corporation and shall be known as the “Employees’ Retirement System of the State of Hawaii” and by that name may sue or be sued, transact all of its business, invest all of its funds, and hold all of its cash and securities and other property.