STAND. COM. REP. NO.  662-12

 

Honolulu, Hawaii

                , 2012

 

RE:   H.B. No. 2458

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred H.B. No. 2458 entitled:

 

"A BILL FOR AN ACT RELATING TO CONVERSIONS BY NONPROFIT CORPORATIONS,"

 

beg leave to report as follows:

 

     The purpose of this measure is to amend the State’s Nonprofit Corporation law by repealing existing provisions that expressly allow charities that exist in corporate, rather than charitable trust form, to convert to other kinds of entities.

 

     The Department of the Attorney General testified in support of this measure.

 

     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 H.B. No. 2458 and recommend that it pass Second Reading and be placed on the calendar for Third Reading.

 

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

 

 

____________________________

GILBERT KEITH-AGARAN, Chair

 

____________________________

ROBERT N. HERKES, Chair