CONFERENCE COMMITTEE REPORT NO. 15

                            Honolulu, Hawaii
                                            , 2000

                            RE:   H.B. No. 2484
                                  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. 2484, S.D. 1, entitled:

    "A BILL FOR AN ACT RELATING TO THE CORPORATIONS,"

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 bill is to modernize the Hawaii Business
Corporation Act by replacing chapter 415, Hawaii Revised
Statutes, with the 1984 amendments to the Model Business
Corporation Act (Model Act).  The bill includes technical,
nonsubstantive amendments to the newly adopted law for clarity
and uniformity with Hawaii's laws, as well as to allow cross-
referencing between Hawaii's law and the Model Act.
Modernization of the law under this measure is intended to
preserve existing rights and obligations and to benefit business,
by making the incorporation process easier, and promoting
uniformity with the laws of other states.

     Your Committee has amended this measure by:

 
 
                            CONFERENCE COMMITTEE REPORT NO. 15
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     (1) Providing that the Act take effect on July 1, 2001; and

     (2) Making technical, nonsubstantive amendments for purposes
         of clarity 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. 2484, S.D. 1, as amended herein, and recommends that
it pass Final Reading in the form attached hereto as H.B. No.
2484, 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