§ 20 ILCS 4113/1 Short title
§ 20 ILCS 4113/5 Findings
§ 20 ILCS 4113/10 Real Estate Valuation Task Force
§ 20 ILCS 4113/15 Task Force duties
§ 20 ILCS 4113/20 Reports
§ 20 ILCS 4113/25 Termination of Task Force; repeal
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Terms Used In Illinois Compiled Statutes > 20 ILCS 4113 - Real Estate Valuation Task Force Act

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Buyer: means a person who buys or contracts to
    
buy goods. See Illinois Compiled Statutes 810 ILCS 5/2-103
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Minority leader: See Floor Leaders
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Seller: means a person who sells or contracts to
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