The implications of this bill on state laws are minimal, given that it is a technical amendment rather than a comprehensive overhaul of existing legislation. However, it serves to uphold the integrity of legal documentation and ensures all statutory references are accurate. The passage of HB0065 is expected to improve the legislative framework surrounding corporate governance in Illinois without imposing new regulations or altering existing business procedures.
Summary
House Bill 0065 is designed to make a technical amendment to the Business Corporation Act of 1983 in Illinois. The primary focus of the bill is to streamline and clarify the section concerning the short title of the Act. It is a straightforward piece of legislation that does not introduce any substantial changes to the existing law but rather ensures the clarity and correctness of the legal text. By amending this technical aspect, the bill aligns the language with current legal standards, which is essential for proper legal interpretations and applications.
Contention
As HB0065 is largely a technical change, there were no significant points of contention reported in the discussions regarding the bill. The simplicity of the amendment means that there are no opposing views to consider, as it aims to eliminate any potential confusion arising from outdated or unclear legal language. This usually leads to a consensus in legislative bodies, allowing for a smooth passage of the bill through the legislative process.