CONFERENCE COMMITTEE REP. 53-02

Honolulu, Hawaii

, 2002

RE: S.B. No. 2732

S.D. 1

H.D. 1

C.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2732, S.D. 1, H.D. 1, entitled:

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

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to update and clarify the State's business registration laws, including requirements governing the appointment of a trustee to dispose of a dissolved corporation's property, the use of electronic communications in shareholder meetings, appointment of a registered agent, annual report filings, and administrative dissolution of registered entities. Your Committee finds that these amendments will facilitate the formation and operation of business entities in this State.

Your Committee has amended this measure by making technical, nonsubstantive amendments to correct typographical errors and an internal reference, and to establish consistency in the statutory language.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2732, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2732, S.D. 1, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________

KENNETH T. HIRAKI, Co-Chair

____________________________

RON MENOR, Chair

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BLAKE K. OSHIRO, Co-Chair

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BRIAN KANNO, Co-Chair

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BOB NAKASONE, Co-Chair