Bill > HB2404

This bill proposes to change the name of entities currently organized under Chapter 421C of the Hawaii Revised Statutes from "consumer cooperative associations" to simply "cooperative associations," a change that will take effect on July 1, 3000. This renaming also affects the definitions within the law, so that "association" will now refer to a "cooperative association," and the definition of "consumer cooperative association" will be replaced with a definition for "cooperative association," which outlines key characteristics such as members having one vote each, limits on returns on capital, and the distribution of net savings based on patronage or for the general welfare of members. Additionally, the term "electric utility cooperative association" will also be updated to reflect this name change, and existing statutes that refer to "consumer cooperative associations" will be amended to use the new terminology, ensuring consistency across related laws, including those concerning monopolies and restraints of trade.

Business and Industry, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2404&year=2026