CONFERENCE COMMITTEE REP. NO.92
Honolulu, Hawaii
, 2001
RE: H.B. No. 599
H.D. 1
S.D. 1
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the House of Representatives to amendments proposed by the Senate in H.B. No. 599, H.D. 1, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO NONPROFIT 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:
(1) Repeal Hawaii's existing nonprofit corporations law and replace it with a new law based on the most recent version of the Model Nonprofit Corporations Act; and
(2) Allow mutual benefit societies to organize as nonprofit corporations under the existing nonprofit corporations law.
Your Committee on Conference finds that by modernizing Hawaii's business registration laws through the adoption of laws that are uniform with those of the majority of states, this measure will facilitate the free flow of commerce between Hawaii and the mainland and support the development of Hawaii's economy.
Your Committee on Conference has amended this bill by:
(1) Changing its effective date to July 1, 2002; and
(2) Making technical, nonsubstantive amendments for purposes of style, clarity, and consistency.
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. 599, 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. 599, H.D. 1, S.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE SENATE |
ON THE PART OF THE HOUSE |
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____________________________ RON MENOR, Chair |
____________________________ KENNETH T. HIRAKI, Co-Chair |
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____________________________ BRIAN KANNO, Co-Chair |
____________________________ BLAKE K. OSHIRO, Co-Chair |
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____________________________ NATHAN SUZUKI, Co-Chair |