Welcome


Law should be interactive.

Rabbit Crowd Library is an experiment in enabling people to interact with the law directly without bias.

Give law accountability. Use - , and to comment and respond to text you agree and disagree with.

0
0
0
Hawaii |
555 1 Definitions

As used in this chapter:

"Employees trust" means any trust created by an employer as part of a stock bonus, pension, profit-sharing, or annuity plan for the exclusive benefit of some or all of the employer's employees, or their beneficiaries, to which contributions are made by the employer, or employees, or both, for the purpose of distributing in accordance with such plan to the employees, or their beneficiaries, the earnings or the principal, or both earnings and principal, of the trust fund, provided that it is impossible under the trust terms at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust for any part of the corpus or income to be at any time used for or diverted to purposes other than the exclusive benefit of the employees, or their beneficiaries.

"Employer" includes a group of employers creating a combined plan or trust for the benefit of their employees or the beneficiaries of the employees. [L 1953, c 170, §1; RL 1955, §341-1; HRS §555-1; gen ch 1985]

Share this law:
Facebook Twitter LinkedIn Pinterest Reddit
Local Government
Hawaii
1
1
0
David Y. Ige
David Ige
December 1, 2014 -
Democratic
808-695-4620
201 Merchant St., Suite 1805, Honolulu, HI, 96813

Keywords
employees
trust
benefit
beneficiaries
exclusive
plan
respect
satisfaction
liabilities
time