STAND. COM. REP. NO. 970

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 1079
                                     H.D. 3




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
1079, H.D. 2, entitled: 

     "A BILL FOR AN ACT RELATING TO THE CONVERSION OF BUSINESS
     ENTITIES,"

begs leave to report as follows:

     The purpose of this bill is to establish procedures by which
corporations, partnerships, limited liability partnerships, and
limited liability companies can convert to another form of
business entity.

     The Business Registration Division of the Department of
Commerce and Consumer Affairs and the Hawaii Business League
testified in support of this bill.

     Your Committee has amended this bill by making technical,
nonsubstantive changes for style, clarity, and 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 H.B. No.
1079, H.D. 2, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as H.B. No. 1079, H.D.
3.


 
 
 
 
 
                                 STAND. COM. REP. NO. 970
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair