HAR §16-77-72. RME for more than one contracting entity

An individual may be an RME for more than one contracting entity if: (1) There is a common ownership of at least fifty-one per cent of the equity of each contracting entity for which the individual acts as the RME; 77-25 §16-77-72 (2) A contracting entity is a subsidiary of or joint venture with another contracting entity; (3) There is a direct family relationship between the RME and the officers, directors, members, managers, or partners of the other contracting entities for which the individual acts as the RME; or (4) There is a direct family relationship between the officers, directors, members, managers, and partners of all contracting entities for which the individual acts as the RME; and (5) The board is satisfied that it is in the public's interest and that the individual is competent, able, and qualified to be an RME for more than one contracting entity. [Eff 8/14/80; am and ren §16-77-72, 6/22/81; am and comp 11/7/83; am and comp 4/14/88; am and comp 12/9/02; comp 4/15/04] (Auth: HRS §444-4) (Imp: HRS §§444-4, 444-9, 444-11)