The primary impact of SB0947 is the clarification of legal language within a well-established framework of corporate law. By refining the short title of the Business Corporation Act, the bill contributes to greater legal precision and aids in the interpretation and application of the Act. This can enhance the compliance experience for corporations as they refer to state laws and can help lawyers and judges navigate cases involving corporate matters more efficiently.
Summary
SB0947, introduced by Senator John F. Curran, is a bill that amends the Business Corporation Act of 1983 in Illinois. The bill makes a technical change regarding the short title of the Act, ensuring clarity and consistency in the way the law is referenced. This type of amendment is typically procedural and does not significantly alter the substance of existing regulations or create new legal responsibilities for businesses operating within the state.
Contention
As a technical amendment, SB0947 is not expected to generate significant contention or active debate among legislators. Its nature as a minor adjustment suggests that it may have broad support, as amendments like this typically address administrative and procedural concerns rather than contentious policy issues. The focus is more on maintaining the integrity and clarity of Illinois's business legislation rather than introducing new regulatory frameworks.