STAND. COM. REP. NO. 3263

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  H.B. No. 2483
                                        H.D. 1
                                        S.D. 1




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

Sir:

     Your Committee on Commerce and Consumer Protection, to which
was referred H.B. No. 2483, H.D. 1, entitled: 

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

begs leave to report as follows:

     The purpose of this measure is to facilitate the formation
of new businesses in the State.

     The Commissioner of Securities, Business Law Section of the
Hawaii State Bar Association, and a law firm submitted testimony
on the measure.

     This measure establishes greater uniformity between Hawaii's
laws and the laws of other states governing business registration
requirements and procedures.  More specifically, the measure:

     (1)  Eliminates the requirement that directors, officers,
          managers, and partners disclose their residence
          addresses; 

     (2)  Makes optional the requirement of publication upon the
          involuntary or voluntary dissolution of a domestic
          corporation or the withdrawal of a foreign corporation;


 
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                                   STAND. COM. REP. NO. 3263
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     (3)  Eliminates the fee for the filing of a statement of
          resignation of agent for service of process and reduces
          the fee for bulk filings of certain documents;

     (4)  Establishes additional requirements for articles of
          merger that are a plan of merger;

     (5)  Clarifies that reinstatement applies only to domestic
          limited liability partnerships (LLPs);

     (6)  Clarifies the type of information required to be
          included in articles of incorporation and in annual
          reports of professional corporations; 

     (7)  Conforms procedures for the restatement of articles of
          incorporation for foreign nonprofit corporations to the
          procedures for foreign for-profit corporations; and

     (8)  Organizes the laws governing amendment and restatement
          for LLPs consistent with the organization of the office
          corporation laws.

     Your Committee has amended this measure by making technical,
nonsubstantive amendments to reflect existing statutory language
and for style. 

     As affirmed by the record of votes of the members of your
Committee on Commerce and Consumer Protection that is attached to
this report, your Committee is in accord with the intent and
purpose of H.B. No. 2483, H.D. 1, as amended herein, and
recommends that it pass Second Reading in the form attached
hereto as H.B. No. 2483, H.D. 1, S.D. 1, and be placed on the
calendar for Third Reading.

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



                                   ______________________________
                                   BRIAN KANNO, Co-Chair



                                   ______________________________
                                   BRIAN T. TANIGUCHI, Co-Chair

 
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