The implications of HB1402 are somewhat limited, primarily revolving around its technical adjustments rather than substantive changes to policy. Since it mainly changes a singe section regarding the short title, it does not significantly alter the operational landscape for businesses. Nonetheless, the bill exemplifies the legislative approach to maintaining the integrity and clarity of state laws, which is an important aspect for businesses and legal practitioners involved with corporate governance in Illinois.
Summary
House Bill 1402 introduces a minor modification to the Business Corporation Act of 1983, specifically adjusting the short title section. The bill, sponsored by Representative Marcus C. Evans, Jr., seeks to ensure that the legal references to the Act are clear and unambiguous. This type of legislation is commonplace and aims to refine existing laws to enhance clarity in interpretation and application. The technical amendment reflects the legislative body's ongoing effort to improve state laws and their coherence with current practices.
Contention
As HB1402 is of a technical nature, there are no substantial points of contention reported in its discussions or legislative history. Such amendments are generally less controversial than broader legislative changes and tend to receive bipartisan support due to their non-political, administrative focus. The procedural nature of the bill means that stakeholders are likely to view it as a beneficial update rather than a contentious issue.