Source: https://www.capitol.hawaii.gov/session2002/bills/SB2732_HD1_.htm
Timestamp: 2019-06-26 17:50:59
Document Index: 596964010

Matched Legal Cases: ['§414', '§414', '§414', '§425', '§425', '§425', '§425', '§425', '§425', '§425', '§425', '§425', '§482', '§414', '§414', '§414', '§414', '§414', '§425', '§425', '§425']

Updates the State's business registration laws to reflect modern business practices and revise the Business Registration Division's annual filing requirement. (SB2732 HD1)
SECTION 1. Chapter 414, Hawaii Revised Statutes, is amended by adding to part XV, subpart D, a new section to be appropriately designated and read as follows:
"§414- Trustees or receivers for dissolved corporations; appointment; powers; duties. (a) When any corporation organized and authorized to issue shares under the laws of this State shall be or shall have been dissolved, or shall cease or shall have ceased to exist, the circuit court, upon application of any creditor, stockholder, or director of the corporation, or any other person who shows good cause therefor, and upon a finding that the application complies with the requirements of subsection (b), and that the persons responsible for settling the unfinished business and winding up the affairs of the corporation either are not diligently pursuing such obligations, or cannot be found or otherwise are not available, may either appoint one or more of the directors of the corporation to be trustees or appoint one or more persons to be receivers of and for the corporation, to do all acts that are necessary for the final settlement of the unfinished business of the corporation. The powers of the trustees or receivers shall be effective for the time period determined by the circuit court.
SECTION 2. Section 414-3, Hawaii Revised Statutes, is amended by adding a new definition to be appropriately inserted and to read as follows:
""Electronic transmission" means any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process."
SECTION 3. Chapter 414D, Hawaii Revised Statutes, is amended by adding a new part to be appropriately designated and to read as follows:
"PART . SUPERSEDING CHAPTERS
§414D- Superseding chapters. In the event of any conflict between the provisions of this chapter and the provisions of chapter 421J, 514A, or 514E, the provisions of chapter 421J, 514A, or 514E shall supersede and control the provisions of this chapter."
SECTION 4. Chapter 414D, Hawaii Revised Statutes, is amended by adding to part I a new section to be appropriately designated and to read as follows:
"§414D- Miscellaneous charges. The department director shall charge and collect:
SECTION 5. Chapter 425, Hawaii Revised Statutes, is amended by adding to part I five new sections to be appropriately designated and to read as follows:
"§425- Execution of statements. Each statement or document required by this chapter to be filed with the director of commerce and consumer affairs shall be signed and certified by at least one partner.
§425- Registered office and registered agent. Each domestic partnership or foreign partnership shall continuously maintain in this State:
§425- Designation or change of registered office or registered agent. (a) A partnership that does not already have a registered office and registered agent shall designate its registered office and registered agent by delivering to the director of commerce and consumer affairs for filing, a statement of designation that sets forth:
(b) A partnership may change its registered office or its registered agent by delivering to the director of commerce and consumer affairs for filing, a statement of change that sets forth:
(c) If the registered agent's street address changes, the registered agent may change the street address of the partnership's registered office by notifying the partnership in writing of the change and signing (either manually or in facsimile) and delivering to the director of commerce and consumer affairs for filing, a statement that complies with the requirements of subsection (a) and recites that the partnership has been notified of the change.
§425- Resignation of registered agent. (a) A registered agent may resign from the registered agent's appointment by signing and delivering to the director of commerce and consumer affairs for filing, a signed statement of resignation. The statement may include a statement that the registered office is also discontinued.
§425- Service on partnership. (a) Service of any notice or process authorized by law on any partnership, whether domestic or foreign, by any court, judicial or administrative officer, or board, may be made in the manner provided by law upon any registered agent or partner of the partnership who is found within the jurisdiction of the court, officer, or board; or if a registered agent or partner cannot be found, upon any person who is found in charge of the property, business, or office of the partnership within the jurisdiction of the court, officer, or board.
SECTION 6. Chapter 425D, Hawaii Revised Statutes, is amended by adding to article 1 four new sections to be appropriately designated and to read as follows:
"§425D- Registered office and registered agent. Each domestic limited partnership or foreign limited partnership shall continuously maintain in this State:
§425D- Designation or change of registered office or registered agent. (a) A domestic limited partnership or foreign limited partnership that does not already have a registered office and registered agent shall designate its registered office and registered agent by delivering to the director for filing, a statement of designation that sets forth:
(b) A domestic or foreign limited partnership may change its registered office or its registered agent by delivering to the director for filing, a statement of change that sets forth:
(c) If the registered agent's street address changes, the registered agent may change the street address of the limited partnership's registered office by notifying the limited partnership in writing of the change and signing (either manually or in facsimile) and delivering to the director for filing, a statement that complies with the requirements of subsection (a) and recites that the limited partnership has been notified of the change.
§425D- Resignation of registered agent. (a) A registered agent may resign from the registered agent's appointment by signing and delivering to the director for filing, a signed statement of resignation. The statement may include a statement that the registered office is also discontinued.
§425D- Service on partnership. (a) Service of any notice or process authorized by law on any limited partnership, whether domestic or foreign, by any court, judicial or administrative officer, or board, may be made in the manner provided by law upon any registered agent or general partner of the limited partnership who is found within the jurisdiction of the court, officer, or board; or if a registered agent or general partner cannot be found, upon any person who is found in charge of the property, business, or office of the limited partnership within the jurisdiction of the court, officer, or board.
SECTION 7. Chapter 482, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§482- Administrative order of abatement for infringement of trade name. (a) Any individual or sole proprietor with a currently registered trade name in this State claiming that the name of any entity registered or authorized to transact business under the laws of this State is substantially identical to, or confusingly similar to, its trade name may file a petition with the director for an administrative order of abatement to address the infringement of its trade name. The petition shall set forth the facts and authority that support the petitioner's claim that further use of the name should be abated. The petitioner, at the petitioner's expense, shall notify the registrant of the hearing in the manner prescribed by chapter 91 and the registrant shall be given an opportunity to respond to the petition at the hearing. The notice shall be made and the hearing held in accordance with the contested case provisions of chapter 91.
(1)	Allow the entity to retain its registered name, but require the entity to:
(A)	Register a new trade name with the director; and
(B)	Conduct business in this State under the new trade name;
(2)	Require the entity to change its registered name, and to:
(B)	Conduct business in this State under the new trade name.
(c) Any person aggrieved by the director's order under this section may obtain judicial review in accordance with chapter 91 by filing a notice of appeal in circuit court within thirty days after the issuance of the director's order. The trial by the circuit court of any such proceeding shall be de novo. Review of any final decision of the circuit court shall be governed by chapter 602."
SECTION 8. Section 414-4, Hawaii Revised Statutes, is amended to read as follows:
(2)	The inability to deliver becomes known to the secretary or an assistant secretary of the corporation, to the transfer agent, or other person responsible for giving notice; provided that the inadvertent failure to treat such inability as a revocation shall not invalidate any meeting or other action.
An affidavit of the secretary, assistant secretary, transfer agent, or other agent of the corporation that the notice has been given by a form of electronic transmission, in the absence of fraud, shall be prima facie evidence of the facts stated therein."
SECTION 9. Section 414-14, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 10. Section 414-32, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 11. Section 414-61, Hawaii Revised Statutes, is amended to read as follows:
SECTION 12. Section 414-62, Hawaii Revised Statutes, is amended to read as follows:
SECTION 13. Section 414-85, Hawaii Revised Statutes, is amended to read as follows:
SECTION 14. Section 414-121, Hawaii Revised Statutes, is amended to read as follows:
[(c)] (d) The failure to hold an annual meeting at the time stated in or fixed in accordance with a corporation's bylaws [does] shall not affect the validity of any corporate action."
SECTION 15. Section 414-122, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
SECTION 16. Section 414-123, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 17. Section 414-124, Hawaii Revised Statutes, is amended to read as follows:
(e) A telegram, cablegram, or other electronic transmission consenting to an action to be taken and transmitted by a shareholder, proxy of a shareholder, or person or persons authorized to act for a shareholder or proxy of a shareholder, shall be deemed to be written, signed, and dated for the purposes of this section; provided that the telegram, cablegram, or other electronic transmission sets forth or is delivered with information from which the corporation may determine:
SECTION 18. Section 414-125, Hawaii Revised Statutes, is amended as follows:
"(a) A corporation shall notify shareholders of the date, time, and place, if any, of each annual and special shareholders' meeting no fewer than ten nor more than sixty days before the meeting date. If a meeting is held solely by means of remote communication, the notice shall also inform shareholders of the means of remote communication by which shareholders may be deemed to be present in person and allowed to vote. Unless this chapter or the articles of incorporation require otherwise, the corporation is required to give notice only to shareholders entitled to vote at the meeting."
"(e) Unless the bylaws require otherwise, if an annual or special shareholders' meeting is adjourned to a different date, time, or place, notice need not be given of the new date, time, or place if the new date, time, or place is announced at the meeting before adjournment. In addition, if the annual or special shareholders' meeting was held solely by means of remote communication, and the adjourned meeting will be held by a means of remote communication by which shareholders may be deemed to be present in person and vote, notice need not be given of the new means of remote communication if the new means of remote communication is announced at the meeting before adjournment. If a new record date for the adjourned meeting is or must be fixed under section 414-127, however, notice of the adjourned meeting shall be given under this section to shareholders who are entitled to notice of the new record date."
SECTION 19. Section 414-126, Hawaii Revised Statutes, is amended as follows:
"[[]§414-124[]] Waiver of notice."
"(a) A shareholder may waive any notice required by this chapter, the articles of incorporation, or bylaws before or after the date and time stated in the notice. The waiver [must] shall be in writing[,be] and be signed by the shareholder entitled to the notice[, and be] or shall be by electronic transmission by the shareholder entitled to notice, and delivered to the corporation for inclusion in the minutes or filing with the corporate records[.]; provided that the electronic transmission sets forth, or is delivered with information from which the corporation may determine that the electronic transmission was transmitted by the shareholder."
SECTION 20. Section 414-141, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) The shareholders' list [must] shall be available for inspection by any shareholder, beginning two business days after notice of the meeting for which the list was prepared is given and continuing through the meeting, at the corporation's principal office or at a place identified in the meeting notice in the city where the meeting will be held[.], or on a reasonably accessible electronic network; provided that the information required to gain access to the shareholders' list is provided with the notice of the meeting. A shareholder, the shareholder's agent, or the shareholder's attorney, [is] shall be entitled on written demand to inspect and to copy the list, during regular business hours and at the shareholder's expense, during the period it is available for inspection. If the corporation determines that the list will be made available on an electronic network, the corporation shall take reasonable steps to ensure that such information is available only to shareholders of the corporation."
SECTION 21. Section 414-197, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 22. Section 414-212, Hawaii Revised Statutes, is amended to read as follows:
"[[]§414-212[]] Action without meeting. (a) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by all members of the board. The action [must] shall be evidenced by one or more [written] consents describing the action taken, given either in writing and signed before or after the intended effective date of the action by each director, or by electronic transmission, and included in the minutes or filed with the corporate records reflecting the action taken. In the case of a consent by electronic transmission, the electronic transmission shall set forth or be submitted with information from which it may be determined that the electronic transmission was authorized by the director who sent the electronic transmission.
SECTION 23. Section 414-214, Hawaii Revised Statutes, is amended as follows:
"[[]§414-214[]] Waiver of notice [[]of[]] meeting."
"(a) A director may waive any notice required by this chapter, the articles of incorporation, or bylaws before or after the date and time stated in the notice. Except as provided by subsection (b), the waiver [must] shall be in writing, signed by the director entitled to the notice[, and] or by electronic transmission by the director entitled to notice, and filed with the minutes or corporate records."
SECTION 24. Section 414–287, Hawaii Revised Statutes, is amended as follows:
"§414-287 Restated[,] or amended and restated articles of incorporation."
"(f) A domestic corporation, at any time, may amend and restate its articles of incorporation by complying with the procedures and requirements of [part XI of] this [chapter.] part.
(3)	A statement that the amended and restated articles of incorporation supersede the original articles of incorporation and all amendments thereto."
SECTION 25. Section 414-314, Hawaii Revised Statutes, is amended to read as follows:
SECTION 26. Section 414-317, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 27. Section 414-319, Hawaii Revised Statutes, is amended by amending subsection (d) to read as follows:
SECTION 28. Section 414-401, Hawaii Revised Statutes, is amended to read as follows:
SECTION 29. Section 414-402, Hawaii Revised Statutes, is amended to read as follows:
SECTION 30. Section 414-433, Hawaii Revised Statutes, is amended to read as follows:
SECTION 31. Section 414-438, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 32. Section 414-439, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 33. Section 414-451, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 34. Section 414-461, Hawaii Revised Statutes, is amended to read as follows:
(D)	File a statement of a change in the name or business address of the agent as required;
SECTION 35. Section 414-470, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 36. Section 414-472, Hawaii Revised Statutes, is amended to read as follows:
[(3)	The address of its principal office;
(4)](3)	The names and business addresses of its directors and officers; and
(c) Notwithstanding any other provision of this chapter to the contrary, annual reports reflecting the period from January 1, 2002, through December 31, 2002, that would otherwise be required, may be voluntarily filed with the department director if the annual report complies with the requirements of this section.
(1)	January 1 and March 31, an annual report shall be filed on or before March 31 of each year and shall reflect the state of the corporation's affairs as of January 1 of the year when filed;
(2)	April 1 and June 30, an annual report shall be filed on or before June 30 of each year and shall reflect the state of the corporation's affairs as of April 1 of the year when filed;
(3)	July 1 and September 30, an annual report shall be filed on or before September 30 of each year and shall reflect the state of the corporation's affairs as of July 1 of the year when filed; and
(4)	October 1 and December 31, an annual report shall be filed on or before December 31 of each year and shall reflect the state of the corporation's affairs as of October 1 of the year when filed;
provided that if a domestic or foreign corporation is
incorporated or registered in the same year in which the annual
report is due, the domestic or foreign corporation shall not be
required to file an annual report for that year. Thereafter,
the domestic or foreign corporation shall comply with the
SECTION 37. Chapter 414D, Hawaii Revised Statutes, is amended by amending the designation of part XVI to read as follows:
SECTION 38. Section 414D-15, Hawaii Revised Statutes, is amended to read as follows:
SECTION 39. Section 414D-32, Hawaii Revised Statutes, is amended by amending subsections (a) and (b) to read as follows:
SECTION 40. Section 414D-71, Hawaii Revised Statutes, is amended to read as follows:
SECTION 41. Section 414D-72, Hawaii Revised Statutes, is amended to read as follows:
SECTION 42. Section 414D-74, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 43. Section 414D-89, Hawaii Revised Statutes, is amended to read as follows:
(b) A procedure [is] shall be fair and reasonable when either:
SECTION 44. Section 414D–102, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 45. Section 414D–104, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 46. Section 414D–105, Hawaii Revised Statutes, is amended to read as follows:
(c) Notice [is] shall be fair and reasonable if:
(1)	The corporation notifies its members of the place, date, and time of each annual, regular, and special meeting of members no fewer than ten [(or if notice is mailed by other than first class or registered mail, thirty) nor] or more than sixty days before the meeting date;
(d)	Unless the bylaws require otherwise, if an annual, regular, or special meeting of members is adjourned to a different date, time, or place, notice need not be given of the new date, time, or place, if the new date, time, or place is announced at the meeting before adjournment. If a new record date for the adjourned meeting is or must be fixed under section 414D-107[;], however, notice of the adjourned meeting shall be given under this section to the members of record as of the new record date.
SECTION 47. Section 414D–109, Hawaii Revised Statutes, is amended to read as follows:
(f) This section shall not apply to timeshare owners associations as defined in chapter 514E."
SECTION 48. Section 414D-113, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 49. Section 414D–113, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:
SECTION 50. Section 414D–114, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 51. Section 414D–115, Hawaii Revised Statutes, is amended to read as follows:
SECTION 52. Section 414D–149, Hawaii Revised Statutes, is amended by amending subsection (f) to read as follows:
SECTION 53. Section 414D–153, Hawaii Revised Statutes, is amended to read as follows:
SECTION 54. Section 414D–155, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:
SECTION 55. Section 414D–156, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 56. Section 414D–164, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 57. Section 414D–207, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 58. Section 414D–232, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 59. Section 414D–244, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
SECTION 60. Section 414D–248, Hawaii Revised Statutes, is amended to read as follows:
SECTION 61. Section 414D-253, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 62. Section 414D–273, Hawaii Revised Statutes, is amended to read as follows:
SECTION 63. Section 414D-276, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
SECTION 64. Section 414D-277, Hawaii Revised Statutes, is amended to read as follows:
SECTION 65. Section 414D-278, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 66. Section 414D-282, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 67. Section 414D-283, Hawaii Revised Statutes, is amended as follows:
"[[]§414D-283[]] Grounds for revocation of certificate of authority."
"(a) The department director may commence a proceeding under section 414D-284 to revoke the certificate of authority of a foreign corporation authorized to transact business in this State if:
SECTION 68. Section 414D-302, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 69. Section 414D-305, Hawaii Revised Statutes, is amended to read as follows:
SECTION 70. Section 414D-308, Hawaii Revised Statutes, is amended to read as follows:
(4)](3)	The names and business or residence addresses of its directors and principal officers;
(c) Notwithstanding any other provision of this chapter to the contrary, annual reports reflecting the period from January 1, 2002, thorough December 31, 2002, that would otherwise be required, may be voluntarily filed with the department director if the annual report complies with the requirements of this section.
incorporated or registered in the same year in which
the annual report is due, the domestic or foreign corporation
shall not be required to file an annual report for that year.
Thereafter, the domestic or foreign corporation shall comply
SECTION 71. Section 414D–321, Hawaii Revised Statutes, is amended to read as follows:
SECTION 72. Section 414D-323, Hawaii Revised Statutes, is amended to read as follows:
SECTION 73. Section 415A-2, Hawaii Revised Statutes, is amended by amending the definition of "professional service" to read as follows:
SECTION 74. Section 415A-10, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 75. Section 415A-14.6, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 76. Section 415A-16.7, Hawaii Revised Statutes, is amended to read as follows:
SECTION 77. Section 415A-18, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 78. Section 415A-22, Hawaii Revised Statutes, is amended to read as follows:
(c) Notwithstanding any of the provision of this chapter to the contrary, annual reports reflecting the period from January 1, 2002, thorough December 31, 2002, that would otherwise be required, may be voluntarily filed with the department director if the annual report complies with the requirements of this section.
provided that if a professional corporation is incorporated in
the same year in which the annual report is due, the
professional corporation shall not be required to file an annual
report for that year. Thereafter, the professional corporation
shall comply with the requirements of this section."
SECTION 79. Section 421-22, Hawaii Revised Statutes, is amended to read as follows:
(B)	The number of shareholders, if a stock corporation, or the number of members and the amount of membership fees received, if a nonstick association; [an]
(1)	January 1 and March 31, an annual report shall be filed on or before March 31 of each year and shall reflect the state of the association's affairs as of January 1 of the year when filed;
(2)	April 1 and June 30, an annual report shall be filed on or before June 30 of each year and shall reflect the state of the association's affairs as of April 1 of the year when filed;
(3)	July 1 and September 30, an annual report shall be filed on or before September 30 of each year and shall reflect the state of the association's affairs as of July 1 of the year when filed; and
(4)	October 1 and December 31, an annual report shall be filed on or before December 31 of each year and shall reflect the state of the association's affairs as of October 1 of the year when filed;
provided that if an association is formed in the same year in
which the annual report is due, the association shall not be
the association shall comply with the requirements of this
(e) A copy of the report shall be submitted to the members at their annual meeting, or mailed to each member of the association, or printed in an official publication of the association."
SECTION 80. Section 421C-29, Hawaii Revised Statutes, is amended to read as follows:
(1)	January 1 and March 31, the annual report shall be filed on or before March 31 of each year and shall reflect the state of the association's affairs as of January 1 of the year when filed;
(2)	April 1 and June 30, the annual report shall be filed on or before June 30 of each year and shall reflect the state of the association's affairs as of April 1 of the year when filed;
(3)	July 1 and September 30, the annual report shall be filed on or before September 30 of each year and shall reflect the state of the association's affairs as of July 1 of the year when filed; and
(4)	October 1 and December 31, the annual report shall be filed on or before December 31 of each year and shall reflect the state of the association's affairs as of October 1 of the year when filed;
SECTION 81. Section 425-1, Hawaii Revised Statutes, is amended to read as follows:
(c) Notwithstanding any other provision of this chapter to the contrary, annual statements reflecting the period from January 1, 2002, through December 31, 2002, that would otherwise be required, may be voluntarily filed with the department director if the annual statement complies with the requirements of this section.
(1)	January 1 and March 31, the annual statement shall be filed on or before March 31 of each year and shall reflect the state of the partnership's affairs as of January 1 of the year when filed;
(2)	April 1 and June 30, the annual statement shall be filed on or before June 30 of each year and shall reflect the state of the partnership's affairs as of April 1 of the year when filed;
(3)	July 1 and September 30, the annual statement shall be filed on or before September 30 of each year and shall reflect the state of the partnership's affairs as of July 1 of the year when filed; and
(4)	October 1 and December 31, the annual statement shall be filed on or before December 31 of each year and shall reflect the state of the partnership's affairs as of October 1 of the year when filed;
provided that if a domestic or foreign partnership is registered
in the same year in which the annual statement is due, the
domestic or foreign partnership shall not be required to file an
annual statement for that year. Thereafter, the domestic or
foreign partnership shall comply with the requirements of this
SECTION 82. Section 425-1.7, Hawaii Revised Statutes, is amended to read as follows:
SECTION 83. Section 425-11, Hawaii Revised Statutes, is amended to read as follows:
SECTION 84. Section 425-12, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 85. Section 425-14, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 86. Section 425-153, Hawaii Revised Statutes, is amended to read as follows:
SECTION 87. Section 425-154, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 88. Section 425-156, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 89. Section 425-158, Hawaii Revised Statutes, is amended to read as follows:
SECTION 90. Section 425-162, Hawaii Revised Statutes, is amended as follows:
"[[]§425-162[]] Foreign limited liability partnerships; activities not constituting the transaction of business."
2. By amending subsections (a) and (b) to read:
"(a) Activities of a foreign limited liability partnership that do not constitute the transaction of business [for the purpose of this subpart] include:
(b) [For purposes of this subpart, the] The ownership in this State of income-producing real property or income-producing tangible personal property, other than property excluded under subsection (a), constitutes the transaction of business in this State."
SECTION 91. Section 425-163, Hawaii Revised Statutes, is amended to read as follows:
(1)	January 1 and March 31, the annual report shall be filed on or before March 31 of each year and shall reflect the state of the partnership's affairs as of January 1 of the year of filing;
(2)	April 1 and June 30, the annual report shall be filed on or before June 30 of each year and shall reflect the state of the partnership's affairs as of April 1 of the year of filing;
(3)	July 1 and September 30, the annual report shall be filed on or before September 30 of each year and shall reflect the state of the partnership's affairs as of July 1 of the year of filing; and
(4)	October 1 and December 31, the annual report shall be filed on or before December 31 of each year and shall reflect the state of the partnership's affairs as of October 1 of the year of filing;
provided that if a domestic or foreign limited liability
partnership is registered in the same year in which the annual
report is due, the domestic or foreign limited liability
partnership shall not be required to file an annual report for
that year. Thereafter, the domestic or foreign limited
liability partnership shall comply with the requirements of this
SECTION 92. Section 425-164, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
(C)	Appoint and maintain an agent for service of process as required;
SECTION 93. Section 425-167, Hawaii Revised Statutes, is amended as follows:
"[[]§425-167[]] Correction of filed documents."
"(a) A domestic limited liability partnership or foreign limited liability partnership may correct a document filed with the director if the document:
(4)	Corrects the incorrect statement or defective execution."
SECTION 94. Section 425-168, Hawaii Revised Statutes, is amended as follows:
"[[]§425-168[]] Fee for recording."
"(a) The director shall collect the following fees for the following limited liability partnership documents [filed under this subpart]:
(G)	Articles of conversion, $150;] and
[(3)]	(10) For any other certificate or document authorized by this subpart, $50."
SECTION 95. Section 425D-201, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 96. Section 425D-203.5, Hawaii Revised Statutes, is amended to read as follows:
(1)	January 1 and March 31, an annual statement shall be filed on or before March 31 of each year and shall reflect the state of the limited partnership's affairs as of January 1 of the year when filed;
(2)	April 1 and June 30, an annual statement shall be filed on or before June 30 of each year and shall reflect the state of the limited partnership's affairs as of April 1 of the year when filed;
(3)	July 1 and September 30, an annual statement shall be filed on or before September 30 of each year and shall reflect the state of the limited partnership's affairs as of July 1 of the year when filed; and
(4)	October 1 and December 31, an annual statement shall be filed on or before December 31 of each year and shall reflect the state of the limited partnership's affairs as of October 1 of the year when filed;
provided that if a limited partnership is registered in the same
year in which the annual statement is due, the limited
partnership shall not be required to file an annual statement
for that year. Thereafter, the limited partnership shall comply
SECTION 97. Section 425D-203.6, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 98. Section 425D-204, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 99. Section 425D-902, Hawaii Revised Statutes, is amended to read as follows:
SECTION 100. Section 425D-906.5, Hawaii Revised Statutes, is amended to read as follows:
(1)	January 1 and March 31, an annual statement shall be filed on or before March 31 of each year and shall reflect the state of the foreign limited partnership's affairs as of January 1 of the year when filed;
(2)	April 1 and June 30, an annual statement shall be filed on or before June 30 of each year and shall reflect the state of the foreign limited partnership's affairs as of April 1 of the year when filed;
(3)	July 1 and September 30, an annual statement shall be filed on or before September 30 of each year and shall reflect the state of the foreign limited partnership's affairs as of July 1 of the year when filed; and
(4)	October 1 and December 31, an annual statement shall be filed on or before December 31 of each year and shall reflect the state of the foreign limited partnership's affairs as of October 1 of the year when filed;
provided that if a foreign limited partnership is registered in
the same year in which the annual statement is due, the foreign
limited partnership shall not be required to file an annual
statement for that year. Thereafter, the foreign limited
partnership shall comply with the requirements of this section.
SECTION 101. Section 425D-906.6, Hawaii Revised Statutes, is amended to read as follows:
SECTION 102. Section 428-108, Hawaii Revised Statutes, is amended to read as follows:
SECTION 103. Section 428-109, Hawaii Revised Statutes, is amended to read as follows:
SECTION 104. Section 428-203, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
SECTION 105. Section 428-207, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 106. Section 428-210, Hawaii Revised Statutes, is amended to read as follows:
(1)	January 1 and March 31, an annual report shall be filed on or before March 31 of each year and shall reflect the state of the company's affairs as of January 1 of the year when filed;
(2)	April 1 and June 30, an annual report shall be filed on or before June 30 of each year and shall reflect the state of the company's affairs as of April 1 of the year when filed;
(3)	July 1 and September 30, an annual report shall be filed on or before September 30 of each year and shall reflect the state of the company's affairs as of July 1 of the year when filed; and
(4)	October 1 and December 31, an annual report shall be filed on or before December 31 of each year and shall reflect the state of the company's affairs as of October 1 of the year when filed;
provided that if a domestic or foreign limited liability company
is organized in the same year in which the annual report is due,
the domestic or foreign limited liability company shall not be
the domestic or foreign limited liability company shall comply
SECTION 107. Section 428-904, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
SECTION 108. Section 428-1002, Hawaii Revised Statutes, is amended to read as follows:
SECTION 109. Section 428-1006, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 110. Section 482-2, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
SECTION 111. Act 15, Session Laws of Hawaii 2001, section 4, is amended by amending subsection (b) of section 482-2, Hawaii Revised Statutes, to read as follows:
SECTION 112. Section 482E-3, Hawaii Revised Statutes, is amended to read as follows:
SECTION 113. Section 414D-88, Hawaii Revised Statutes, is repealed.
SECTION 114. Section 414D–108, Hawaii Revised Statutes, is repealed.
SECTION 115. Section 425-165, Hawaii Revised Statutes, is repealed.
SECTION 116. Section 425-166, Hawaii Revised Statutes, is repealed.
SECTION 117. Section 425-170, Hawaii Revised Statutes, is repealed.