CONFERENCE COMMITTEE REPORT NO. 14

                            Honolulu, Hawaii
                                            , 2000

                            RE:   H.B. No. 2480
                                  H.D. 1
                                  S.D. 1
                                  C.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Conference on the disagreeing vote of the
House of Representatives to the amendments proposed by the Senate
in H.B. No. 2480, H.D. 1, S.D. 1, entitled:

    "A BILL FOR AN ACT RELATING TO LIMITED LIABILITY
    PARTNERSHIPS,"

having met, and after full and free discussion, has agreed to
recommend and does recommend to the respective Houses the final
passage of this bill in an amended form.

     The purpose of this measure is to facilitate the formation
of limited liability partnerships (LLPs) in Hawaii.

     Current State law governing LLPs contains contradictions and
anomalies that hinder interpretation and application of the law.
This measure brings Hawaii's law into greater conformity with the
Revised Uniform Partnership Act and with current business
practices by eliminating the insurance and financial
responsibility requirements and removing the prohibition against
the formation of LLPs by attorneys.  The elimination of these

 
 
 
                            CONFERENCE COMMITTEE REPORT NO. 14
                            Page 2



restrictions and modernization of the law will make Hawaii a more
attractive LLP domicile.

     Your Committee on Conference has made technical,
nonsubstantive amendments for clarity, consistency, and style.

     As affirmed by the record of votes of the managers of your
Committee on Conference that is attached to this report, your
Committee on Conference is in accord with the intent and purpose
of H.B. No. 2480, H.D. 1, S.D. 1, as amended herein, and
recommends that it pass Final Reading in the form attached hereto
as H.B. No. 2480, H.D. 1, S.D. 1, C.D. 1.

                                   Respectfully submitted on
                                   behalf of the managers:

  ON THE PART OF THE SENATE          ON THE PART OF THE HOUSE
                                   
                                   
                                   
                                   
______________________________     ______________________________
BRIAN T. TANIGUCHI, Co-Chair       RON MENOR, Chair




______________________________
BRIAN KANNO, Co-Chair