STAND. COM. REP. NO. 707

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1512
                                        S.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Ways and Means, 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 update the Uniform
Partnership Act.

     Your Committee finds that the State adopted the Uniform
Partnership Act in 1972.  In the twenty-seven years since its
adoption, many changes have occurred in partnership law.

     This bill replaces the current Uniform Partnership Act with
an updated version that reflects modern business practices.  The
change will generally conform the State's partnership laws with
other states and enhance the State's business climate.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
1512, S.D. 1, and recommends that it pass Third Reading.


 
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                                   STAND. COM. REP. NO. 707
                                   Page 2


                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
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