STAND. COM. REP. 1447

Honolulu, Hawaii

, 2003

RE: S.B. No. 1319

S.D. 1

H.D. 3

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1319, S.D. 1, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE UNIFORM LIMITED PARTNERSHIP ACT,"

begs leave to report as follows:

The purpose of this bill is to update the Uniform Limited Partnership Act by replacing chapter 425D, Hawaii Revised Statutes, with a modified version of the 2001 Revised Uniform Limited Partnership Act as promulgated by the National Commissioners on Uniform State Laws.

The Department of Commerce and Consumer Affairs and a concerned individual testified in support of this measure.

Your Committee has made technical, nonsubstantive amendments to this bill for the purpose of consistency.

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 S.B. No. 1319, S.D. 1, H.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1319, S.D. 1, H.D. 3.

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair