Since SB0366 makes a technical, non-substantive change, its immediate impact on state laws is limited. However, it exemplifies the Illinois General Assembly's commitment to legislative clarity and accuracy in existing statutes. The amendment will likely aid in reducing confusion regarding the reference of the Business Corporation Act, which governs the formation and operation of corporations within Illinois. By ensuring that the title is clear, it may facilitate easier reference for corporations and legal professionals navigating business law.
SB0366, introduced by Senator Don Harmon, proposes a technical amendment to the Business Corporation Act of 1983. Specifically, the bill addresses Section 1.01 of the Act, which pertains to its short title. The proposed change is minor, focusing on clarifying the language associated with the title of the existing law without altering the substance or the application of the law itself. This technical adjustment reflects the legislature's ongoing efforts to ensure that statutory language is clear and precise.
Given the nature of the changes proposed by SB0366, notable points of contention appear to be minimal. Technical amendments to legal texts typically do not generate significant debate or opposition, as they do not introduce fundamentally new regulations or changes to legal interpretations. The bill's focus on clarifying the short title may be seen as a procedural step rather than one that raises substantial policy issues within the larger context of corporate governance or business regulation.