STAND. COM. REP. NO. 2041

Honolulu, Hawaii

RE:    S.B. No. 2758

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

Sir:

     Your Committee on Commerce and Consumer Protection, to which was referred S.B. No. 2758 entitled:

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

begs leave to report as follows:

     The purpose and intent of this measure is to correct errors, ambiguities, and inconsistencies in the business registration chapters of the Hawaii Revised Statutes.

     Your Committee received testimony in support of this measure from the Department of Commerce and Consumer Affairs, Hawaii Community Foundation, Hawaii Alliance of Nonprofit Organizations, and University of Hawaii Professional Assembly.

     Your Committee finds that the technical amendments proposed by this measure will bring the Hawaii Revised Statutes into compliance with Act 55, Session Laws of Hawaii 2009.  The amendments proposed by this measure clarify acceptable written confirmations for reinstatement of a business entity by the Department of Commerce and Consumer Affairs; address other issues in the business registration chapters of the Hawaii Revised Statutes; make technical corrections to the Hawaii Nonprofit Corporations Act, including when a nonprofit corporation's articles of incorporation may be submitted; and clarify when foreign limited liability companies can file in Hawaii.

     As affirmed by the record of votes of the members of your Committee on Commerce and Consumer Protection that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2758 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

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

____________________________

ROSALYN H. BAKER, Chair