STAND. COM. REP. NO. 1959

Honolulu, Hawaii

RE:    H.B. No. 1307

       H.D. 2

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Madam:

     Your Committee on Commerce, Consumer Protection, and Affordable Housing, to which was referred H.B. No. 1307, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO BUSINESS REGISTRATION,"

begs leave to report as follows:

     The purpose of this measure is to clarify the business registration requirements for foreign nonprofit corporations and foreign limited liability companies.

     Specifically, the measure deletes the word "initial" in references to initial registered office and initial registered agent in the application for a certificate of authority under the Hawaii Nonprofit Corporations Act, and the Uniform Limited Liability Company Act for foreign limited liability companies.

     Your Committee received testimony in support of this measure from the Department of Commerce and Consumer Affairs.

     Act 235, Session Laws of Hawaii 2006, streamlined business registration application forms that affect foreign entities.  This measure makes similar conforming amendments to the foreign nonprofit corporation law and foreign limited liability company law.  In addition, this measure removes the requirement of disclosing the home addresses of a foreign nonprofit corporation's current directors and officers.

     As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection, and Affordable Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1307, H.D. 2, and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

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

____________________________

BRIAN T. TANIGUCHI, Chair