STAND. COM. REP. NO. 1351_______

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 1140
                                     S.D. 2
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Consumer Protection and Commerce, to which
was referred S.B. No. 1140, S.D. 2, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO BUSINESS REGISTRATION,"

begs leave to report as follows:

     The purpose of this bill is to simplify the business
registration process in the State by:

     (1)  Clarifying and updating the statutes governing business
          registration under the Hawaii Business Corporation and
          the Hawaii Nonprofit Corporation Acts;

     (2)  Requiring each corporation to have a registered office
          and registered agent in the State; and 

     (3)  Allowing domestic corporations to amend and restate
          their articles of incorporation at any time by
          complying with procedures and requirements under
          sections 415B-37 and 415B-40, Hawaii Revised Statutes.

     The Business Registration Division of the Department of
Commerce and Consumer Affairs testified in support of this
measure.  Your Committee received no testimony in opposition.

     Your Committee finds that this bill will make the business
registration process simpler and more efficient, which may help
to encourage the formation of new businesses.  

 
 
                                 STAND. COM. REP. NO. 1351_______
                                 Page 2

 
     As affirmed by the record of votes of the members of your
Committee on Consumer Protection and Commerce that is attached to
this report, your Committee is in accord with the intent and
purpose of S.B. No. 1140, S.D. 2, H.D. 1, and recommends that it
be referred to the Committee on Finance.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Consumer
                                   Protection and Commerce,



                                   ______________________________
                                   RON MENOR, Chair