§11-96-28 - Ownership and financial capability.

§11-96-28 Ownership and financial capability.

(a) The center shall provide to the director current information in regard to:

(1) The name of each person owning 10 percent or more of the business, either directly or indirectly;

(2) If a corporation, the names of the officers and directors;

(3) If a partnership, the names of each partner; and

(4) The names of each person who is the owner (in whole or in part) of any mortgage, deed or trust, note or other obligation recurred (in whole or in part) by the center.

(b) The financial resources of the owner shall be sufficient to operate and maintain the program according to the standards set forth in the chapter. The owner shall provide upon request, such evidence as deemed necessary by the director to establish that fact.

        [Eff ] (Auth: HRS §321-11) (Imp: HRS §321-11)

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