Altering the process by which a defective corporate act may be ratified; and altering rules for certain legal actions by persons claiming to be adversely affected by a ratification.

Statutes affected:
Text - First - Corporations and Associations - Ratification of Defective Corporate Acts - Alterations: 2-701 Corporations and Associations, 2-702 Corporations and Associations, 2-703 Corporations and Associations, 2-702 Corporations and Associations, 2-704 Corporations and Associations, 2-705 Corporations and Associations, 2-702 Corporations and Associations, 2-706 Corporations and Associations, 2-707 Corporations and Associations
Text - Third - Corporations and Associations - Ratification of Defective Corporate Acts - Alterations: 2-701 Corporations and Associations, 2-702 Corporations and Associations, 2-703 Corporations and Associations, 2-702 Corporations and Associations, 2-704 Corporations and Associations, 2-705 Corporations and Associations, 2-702 Corporations and Associations, 2-706 Corporations and Associations, 2-707 Corporations and Associations