Form Dc-Info - Information For Domestic Profit Corporations printable pdf download

Form Dc-Info - Information For Domestic Profit Corporations

FORM DC-INFO

1/2000

STATE OF HAWAII

DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS

Business Registration Division

1010 Richards Street

Mailing Address: P.O. Box 40, Honolulu, Hawaii 96810

INFORMATION FOR DOMESTIC PROFIT CORPORATIONS

Books and Records

Section 415-52 provides that each corporation shall keep accurate and complete books and records of account

and shall keep and maintain at its principal office, or such other place as its board of directors may order,

minutes of the proceedings of its shareholders and board of directors. The books and records of account shall

include accounts of the corporation’s assets, liabilities, receipts, disbursements, gains and losses. The minutes

of the proceedings of the shareholders and board of directors shall show as to each meeting, the time and place

thereof, whether regular or special, whether notice was given, and if so, in what manner, the names of those

present at directors’ meetings, the number of shares present or represented at shareholders’ meetings, and the

proceedings at each meeting.

Stock Book

Section 415-52 provides that the directors of every corporation shall cause a book to be kept showing the names

of all shareholders, the number of shares of stock held by each shareholder, and the date when they respectively

became owners of the shares.

Stock Certificates

Section 415-23 provides that the shares of a corporation shall be represented by certificates or shall be

uncertificated shares. Every certificate representing shares shall state upon the face the following: (1) that the

corporation is organized under the laws of this State; (2) the name of the person to whom the certificate is

issued; (3) the number, designation if any, and class of series of shares represented; and (4) the par value of

each share represented by the certificate or a statement that the shares are without par value. The

uncertificated shares shall disclose the same pertinent information as the certificates. The rights and obligations

of the holders of certificates and uncertificated shares representing shares of the same class and series are the

same.

Bylaws

Section 415-27 provides that the initial bylaws shall be adopted by the board of directors. The power to alter,

amend, or repeal the bylaws or adopt new bylaws, subject to repeal or change by action of the shareholders,

shall be vested in the board of directors unless reserved to the shareholders by the articles of incorporation. The

bylaws may contain any provisions for the regulation and management of the affairs of the corporation not

inconsistent with law or the articles of incorporation.

SEE REVERSE SIDE FOR MORE INFORMATION.

Form Dc-Info - Information For Domestic Profit Corporations