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. 896, H.D. 1, S.D. 1, entitled:

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 make technical amendments to Act 241, Session Laws of Hawaii 2000, which completely revised Article 9 of Hawaii's Uniform Commercial Code (UCC).

Your Committee on Conference finds that the revision of UCC Article 9 was a five-year project undertaken by the National Conference of Commissioners on Uniform State Laws (NCCUSL). Because of the complex nature of the project, there were some errors and ambiguities that were not detected until after NCCUSL adopted the revised Article 9 in 1998.

The amendments proposed in this bill will maintain the conformity of Act 241, Session Laws of Hawaii 2000, to UCC Article 9 as revised by NCCUSL.

Your Committee on Conference has amended this bill by 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. 896, 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. 896, H.D. 1, S.D. 1, C.D. 1.