Consolidating Act with amendment

Codifying and consolidating statutes of fraud

Consolidating Act with amendment

At the federal level, the body of statutory law is contained in and called the United States Code. Just because certain terms of a non- repealed statute are used in the consolidating statute, it does not mean that the non-repealed statute and general laws are affected by the consolidating statute. The maker of law incorporates in the enactment both the pre-existing statutory provisions and the common law relating to the subject.

This is done by repealing all former statutes. Consolidating Act with amendment. For the purpose of enactment of a consolidating Act it is in order to refer to previous laws, existing laws, judicial decisions, common law etc. Consolidating statutes are of three types Consolidating statutes without changes Consolidating statutes with minor changes.

The regulations promulgated thereunder are contained in the Code of Federal Regulations. Statutes are the actual provisions set forth as the laws enacted by the Legislature at the federal level, the U. Codification is usually done by a legislative codification committee. Sometimes, however, rules promulgated under a Title of the United States Code are promulgated separately. The purpose of a codifying statute is to present uniform, orderly and authoritative rules on a particular subject.

This is done

In some cases, administrative tribunals perform an adjudicatory function subject to judicial review by the judiciary, if necessary. Codification systematizes case law as well as statutes. The reference of the previous legislations is for the reason of removal of ambiguity. The further presumption is that the words used in the consolidating Act bear the same meaning as that of the enactment for which consolidation is made. In this context a consolidating statute may also be an amendment act.

The aim of a codifying statute is to declare the law on the subject so that the judge, by true interpretation of words decides the meaning within the parameter of such law. Congress passed a law having to do with agriculture, that law would be cited in the Statutes at Large, which come out every Congress.

Rearrangement of statutory provisions in the process of codification leaves their meaning unaffected. Codifying statute is a statute which presents an orderly and authoritative statement of the leading rules of law on a given subject.

Thus Consolidated results give a better picture of value of a company. Secondly, natural meaning of the statute should be looked for without getting influenced by any considerations as to previous state of law. This kind of statute exhaustively states the entire law on a particular subject. While statutes are debated, considered and enacted by the Congress, regulations are debated, considered and promulgated by administrative rulemaking bodies, these having been provided for in statute. Codification contemplates, implies and produces continuity of existing law in clarified form rather than its interpretation.