STAND. COM. REP. NO.479-02

Honolulu, Hawaii

, 2002

RE: H.B. No. 1825

H.D. 1

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1825 entitled:

"A BILL FOR AN ACT RELATING TO THE REVISED UNIFORM COMMERCIAL CODE ARTICLE 9 – SECURED TRANSACTIONS,"

begs leave to report as follows:

The purpose of this bill is to revise Hawaii's Uniform Commercial Code, Article 9 (Secured Transactions), to correct technical errors and inconsistencies and maintain uniformity with the law of other states.

Hawaii's Commission to Promote Uniform Legislation submitted testimony in support of this measure.

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

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1825, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1825, H.D. 1.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT Y. TAKAMINE, Chair