Section 12-506-3 - Covered establishment(a) In order to be considered a covered establishment, an entity shall: (1) Be an industrial, commercial, or other legal business entity which is a party to a sale, transfer, merger, and other business takeover or transaction of business interests as defined herein; and(2) Employ at any time in the preceding twelve-month period, fifty or more persons in the State or Hawaii as determined by any payroll or other reasonable accounting period within the twelve consecutive calendar months preceding the closing, partial closing, or relocation.[Eff: 8/15/88] (Auth: HRS § 394B-10) (Imp: HRS § 394B-2)