CONFERENCE COMMITTEE REP. NO. 27-04
Honolulu, Hawaii
, 2004
RE: H.B. No. 1259
H.D. 1
S.D. 1
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Honorable Robert Bunda
President of the Senate
Twenty-Second State Legislature
Regular Session of 2004
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. 1259, H.D. 1, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE UNIFORM COMMERCIAL CODE,"
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 update Article 1 of the Uniform Commercial Code. Article 1, entitled "General Provisions," covers such matters as supplemental principles of law, general definitions, territorial applicability, and choice of laws.
The amendment of the definition of "good faith" and the amendments concerning the choice of laws, which were proposed by the National Conference of Commissioners on Uniform State Laws, are not included. In these two cases, the current law is retained.
Your Committee on Conference has amended this bill by:
(1) Removing the defective effective date and making the bill effective upon approval; and
(2) Making technical, nonsubstantive amendments to page 19 of the bill that include the deletion of an unnecessary reference to Article 6, which was repealed in 1998.
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. 1259, 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. 1259, 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, Chair |
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