STAND.
COM. REP. NO. 684
Honolulu, Hawaii
, 2023
RE: H.B. No. 525
H.D. 2
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-Second State Legislature
Regular Session of 2023
State of Hawaii
Sir:
Your Committee on Judiciary & Hawaiian Affairs, to which was referred H.B. No. 525, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE UNIFORM COMMERCIAL CODE,"
begs leave to report as follows:
Your Committee finds that the Uniform Commercial Code provides commercial law rules for broad categories of transactions, such as the sale or lease of goods, negotiable instruments, bank deposits and collection, investment properties, and more. The adoption of the Uniform Commercial Code in every state allowed the development of strong interstate markets. This measure will ensure the integrity of commerce conducting in the State by implementing an updated Uniform Commercial Code.
Your Committee has amended this measure by making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Judiciary & Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 525, H.D. 1, as amended herein, and recommends that it be referred to your Committee on Finance in the form attached hereto as H.B. No. 525, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Judiciary & Hawaiian Affairs,
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____________________________ DAVID A. TARNAS, Chair |
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