Trustees split over proposed changes to OHA‑affiliated LLCs; motion advances 5‑4
Board approved resolutions to amend operating agreements for two OHA‑affiliated LLCs after trustees warned the changes could weaken legal protections and expose OHA to litigation; the vote was 5 in favor, 4 opposed.
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The board considered committee recommendations to amend the operating agreements for H'ile Aloha LLC and H'i Paka LLC. Several trustees raised concerns the changes could diminish the corporate 'veil' that has historically insulated OHA from lawsuits and argued for retaining existing structures to protect trust assets.
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