STAND. COM. REP. NO. 1701

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 1512
                                     S.D. 1
                                     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 Judiciary and Hawaiian Affairs, to which
was referred S.B. No. 1512, S.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO THE UNIFORM PARTNERSHIP ACT,"

begs leave to report as follows:

     The purpose of this bill is to replace the current Uniform
Partnership Act with law that conforms to the Revised Uniform
Partnership Act.

     Testimony in support of this bill was received from the
State Department of Commerce and Consumer Affairs, and a
commissioner to the National Conference of Commissioners on
Uniform State Laws.

     Your Committee finds that the Revised Uniform Partnership
Act restructures the fundamentals of partnership law to reflect
modern business practices.  Your Committee further finds that
adopting the Revised Uniform Partnership Act will enhance the
business climate of the State.

     Your Committee has made technical, nonsubstantive amendments
to this bill for purposes of clarity and style.

     As affirmed by the record of votes of the members of your
Committee on Judiciary and Hawaiian Affairs that is attached to
this report, your Committee is in accord with the intent and
purpose of S.B. No. 1512, S.D. 1, as amended herein, and

 
 
                                 STAND. COM. REP. NO. 1701
                                 Page 2

 
recommends that it pass Second Reading in the form attached
hereto as S.B. No. 1512, S.D. 1, H.D. 1, and be placed on the
calendar for Third Reading.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Judiciary &
                                   Hawaiian Affairs,



                                   ______________________________
                                   PAUL T. OSHIRO, Chair