STAND. COM. REP. NO. 265

                                 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 Economic Development and Business
Concerns, to which was referred H.B. No. 1078 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 in the State by:

     (1)  Clarifying and updating the statutes governing business
          registration under the Hawaii Business Corporation and
          the Hawaii Nonprofit Corporation Acts;

     (2)  Requiring each corporation to have a registered office
          and registered agent in the State; and

     (3)  Allowing domestic corporations to amend and restate its
          articles of incorporation at any time by complying with
          procedures and requirements under sections 415B-37 and
          415B-40, Hawaii Revised Statutes.

     The Business Registration Division of the Department of
Commerce and Consumer Affairs submitted testimony in support of
this measure.

     Your Committee has amended this bill by making numerous
technical, nonsubstantive amendments to correct drafting errors
and for purposes of clarity, consistency, and style.


 
 
                                 STAND. COM. REP. NO. 265
                                 Page 2

 
     As affirmed by the record of votes of the members of your
Committee on Economic Development and Business Concerns that is
attached to this report, your Committee is in accord with the
intent and purpose of H.B. No. 1078, as amended herein, and
recommends that it pass Second Reading in the form attached
hereto as H.B. No. 1078, H.D. 1, and be referred to the Committee
on Consumer Protection and Commerce.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Economic
                                   Development and Business
                                   Concerns,



                                   ______________________________
                                   ROBERT N. HERKES, Chair