STAND. COM. REP. NO. 667

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 1078
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Consumer Protection and Commerce, to which
was referred H.B. No. 1078, H.D. 1, entitled:

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

begs leave to report as follows:

     The purpose of this bill is to simplify the business
registration process and make some nonsubstantive housekeeping
amendments for clarity.

     Your Committee received testimony in support of this measure
from the Business Registration Division of the Department of
Commerce and Consumer Affairs and the Business Law Section of the
Hawaii State Bar Association.  Your Committee received no
testimony in opposition.

     Your Committee finds that eliminating the requirement for at
least one director of a corporation to be a resident and instead
requiring a corporation to maintain a registered office and
registered agent in the State will greatly simplify the
registration of new business entities in Hawaii.  This and other
changes in this measure that simplify the registration of new
business in Hawaii will enhance Hawaii's business climate and
have a significant positive effect on our economy.

     As affirmed by the record of votes of the members of your
Committee on Consumer Protection and Commerce that is attached to

 
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                                 STAND. COM. REP. NO. 667
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this report, your Committee is in accord with the intent and
purpose of H.B. No. 1078, H.D. 1, and recommends that it be
referred to the Committee on Finance.

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



                                   ______________________________
                                   RON MENOR, Chair

 
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