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HI SB1066

Bill

Official Source

Status

Passed

6/25/2013

Primary Sponsor

Donna Kim

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Corrects a grammatical error in the definition of the term "security" in Hawaii's securities laws

  • Amends the definition of "security" to correctly state the fourth element of an investment contract as determined by the Hawaii Supreme Court in State v. Hawaii Market Center, Inc., 52 Haw. 642, 485 P.2d 105 (1971)

  • Corrects an erroneous citation to the federal Securities and Exchange Act of 1934

  • Effective date changed to July 1, 2112 to encourage further discussion

Legislative Description

Uniform Securities Act

Last Action

Act 165, on 6/21/2013 (Gov. Msg. No. 1268).

6/25/2013

Committee Referrals

Finance3/18/2013
Consumer Protection & Commerce3/7/2013
Commerce and Consumer Protection1/24/2013

Full Bill Text

No bill text available