STAND. COM. REP. NO. 640-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2484





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

Sir:

     Your Committee on Consumer Protection and Commerce, to which
was referred H.B. No. 2484 entitled: 

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

begs leave to report as follows:

     The purpose of this measure is to update Chapter 415, Hawaii
Revised Statutes, by adopting the 1984 amendments made to the
Model Business Corporation Act (Model Act).  This would reflect
modern business practices, making it more desirable for existing
Hawaii corporations to remain in the State and for new businesses
to incorporate in the State.

     Testimony was received in support of this measure from the
Department of Commerce and Consumer Affairs and four private
attorneys.

     Your Committee finds that this measure will bring Hawaii's
corporation law into greater uniformity with the most recent
version of the Model Act and with a growing number of other state
corporation laws thereby improving Hawaii's business climate.

     As affirmed by the record of votes of the members of your
Committee on Consumer Protection and Commerce that is attached to
this report, your Committee is in accord with the intent and
purpose of H.B. No. 2484 and recommends that it pass Second
Reading and be placed on the calendar for Third Reading.


 
 
 
                                 STAND. COM. REP. NO. 640-00
                                 Page 2

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



                                   ______________________________
                                   RON MENOR, Chair