STAND. COM. REP. NO.  1037

 

Honolulu, Hawaii

                , 2009

 

RE:   S.B. No. 301

      S.D. 2

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred S.B. No. 301, S.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO THE HAWAII REGISTERED AGENTS ACT,"

 

beg leave to report as follows:

 

The purpose of this measure is to adopt the Model Registered Agents Act and thereby standardize requirements relating to registered agents of business entities.

 

Your Committees received testimony in support of the measure from the Commission to Promote Uniform Legislation and CT Corporation.

 

Your Committees find that entities registered to do business in the State are required to have a registered agent who is located in the State to accept service of process.  The agent is often a company that acts as the registered agent for many other entities in the State.  This measure, by creating a registry of commercial agents, wherein, the agent notes the changes in the agent's own registration, will relieve the business entities whom the agent represents from having to individually note, in their own registration, changes in the name, address, or other information of the commercial agent.  Your Committees find that eight other states have adopted this model act and believe that this measure will save both the registrants and the Business Registration Division of the Department of Commerce and Consumer Affairs significant amounts of time and expense when a business changes its commercial agents.

 

     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 S.B. No. 301, S.D. 2, and recommend that it pass Second Reading and be referred to the Committee on Finance.

 

 

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

 

 

____________________________

JON RIKI KARAMATSU, Chair

 

____________________________

ROBERT N. HERKES, Chair