Section 16-77-13 - When partnership or joint venture requires a license(a) No further license is required when all members of the joint venture or all partners in the partnership submit evidence to the board that all members or partners hold current contractor's licenses; provided that work to be performed is in a classification held by one of the members or partners. The board shall be notified in writing of all joint ventures and partnerships formed in this manner and the principal RME for the joint venture or partnership.
(b) Joint ventures and partnerships shall be required to obtain a license when any member of the joint venture or any partner in the partnership does not hold a current contractor's license. All unlicensed members in a joint venture or partners in a partnership shall submit current financial statements, credit reports, and a tax clearance, and any other information requested by the board along with the application for licensure.(c) Except as otherwise provided by law, all joint ventures and partnerships shall be registered with the department's business registration division prior to engaging in any contracting activity. Joint ventures and partnerships shall provide proof of the registration to the board at the time of application.(d) A joint venture or partnership licensed under this section shall be required to notify the board of its dissolution within thirty days after its dissolution. Failure to notify the board of the dissolution within the thirty day period shall result in the licenses of the joint venture or partnership being automatically forfeited without a hearing.(e) The license of a joint venture or partnership shall be automatically forfeited without a hearing if the license of a member or partner is suspended, revoked, terminated, withdrawn, forfeited, or refused to be renewed.(f) Upon dissolution or forfeiture, the joint venture or partnership shall be prohibited from engaging in contracting and shall not bid upon or enter into new contracts.[Eff 8/14/80; am and ren § 16-77-13, 6/22/81; am and comp 11/7/83; am and comp 4/14/88; am and comp 12/9/02; comp 4/15/04] (Auth: HRS § 444-4) (Imp: HRS §§ 444-2, 444-11, 444-11.1, 444-12)