Hawaii Revised Statutes
Haw. Rev. Stat. § 425-121 (2026)
Distributions in kind
✓ current as of July 2026
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§425-121 Distributions in kind. A partner has no right to receive, and shall not be required to accept, a distribution in kind. [L 1999, c 284, pt of §1]
Notes of Decisions
Cited in 5
cases, 1983–2001 · leading case: TSA Int'l Ltd. v. Shimizu Corp., 990 P.2d 713 (Haw. 1999).
TSA Int'l Ltd. v. Shimizu Corp., 990 P.2d 713 (Haw. 1999). “With regard to the nature of the duties owed by partners to the partnership, HRS § 425-121(1) (1993) provides: Partner accountable as a fiduciary.”
Fujimoto v. Au, 19 P.3d 699 (Haw. 2001). “The obligations of a misappropriating partner are set forth in Uniform Partnership Act section 21, subdivision (1), [ (HRS § 425-121) ]: “Every partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him without the consent of…”
Azer v. Myers, 793 P.2d 1189 (Haw. App. 1990). “Under HRS § 425-122 (1985), a partner is entitled to an accounting of partnership affairs where (a) the partner has been wrongfully excluded by his or her co-partners from the partnership’s business or property; (b) he or she is accorded the right to an account by an agreement;…”
Block v. Lea, 688 P.2d 724 (Haw. App. 1984). “While Lea was certainly a fiduciary as to Pring and Linscott, nevertheless he was not accountable under HRS § 425-121, 10 because there is no evidence that he had received any profits *278 without their consent.”
Phillips v. KULA 200 II, 667 P.2d 261 (Haw. App. 1983). “]” Under Hawaii’s Uniform Partnership Act, HRS § 425-121(1), “[ejvery partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him without the consent of the other partners from any transactions connected with the.”
— Haw. Rev. Stat. § 425-121(1) — 2 cases
TSA Int'l Ltd. v. Shimizu Corp., 990 P.2d 713 (Haw. 1999). “With regard to the nature of the duties owed by partners to the partnership, HRS § 425-121(1) (1993) provides: Partner accountable as a fiduciary.”
Phillips v. KULA 200 II, 667 P.2d 261 (Haw. App. 1983). “]” Under Hawaii’s Uniform Partnership Act, HRS § 425-121(1), “[ejvery partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him without the consent of the other partners from any transactions connected with the.”
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