STAND. COM. REP. NO.  627-12

Honolulu, Hawaii

                , 2012

RE:   H.B. No. 2162

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

Sir:

     Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred H.B. No. 2162 entitled:

"A BILL FOR AN ACT RELATING TO UNIFORM COMMERCIAL CODE ARTICLE 9,"

beg leave to report as follows:

The purpose of this measure is to implement the amendments to Article 9 of the Uniform Commercial Code, relating to secured transactions, set forth by the Uniform Law Commission.

The Commission to Promote Uniform Legislation supported this measure.  The Hawaii Bankers Association submitted comments.

     Your Committees have amended this bill by making technical, nonsubstantive amendments for purposes of consistency, clarity, and style.

     As affirmed by the records of votes of the members of your Committees on Consumer Protection & Commerce and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 2162, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 2162, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committees on Consumer Protection & Commerce and Judiciary,

____________________________ GILBERT KEITH-AGARAN, Chair

____________________________ ROBERT N. HERKES, Chair