STAND. COM. REP. NO. 684

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1140
                                        S.D. 2




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred S.B.
No. 1140, S.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 clarify and update the
business registration laws and simplify the business registration
process.

     Specifically, this measure amends registration laws relating
to for-profit corporations, non-profit corporations, professional
corporations, partnerships, limited partnerships, and limited
liability companies.

     Furthermore, this bill amends requirements relating to the
residency of a corporate director, the time period for
reinstating a dissolved corporation or a canceled partnership,
and filings of the articles of incorporation.

     Your Committee agrees that this measure will promote Hawaii
as a favorable place to form businesses, and has made some
technical, nonsubstantive amendments for the purposes of clarity
and style.


 
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                                   STAND. COM. REP. NO. 684
                                   Page 2


     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
1140, S.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as S.B. No. 1140, S.D.
2.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
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