Illinois Compiled Statutes > 735 ILCS 5 > Article VIII > Part 5 – Effect Of Release Or Assignment
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| § 735 ILCS 5/8-501 | Release or assignment |
Terms Used In Illinois Compiled Statutes > 735 ILCS 5 > Article VIII > Part 5 - Effect Of Release Or Assignment
- 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.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
- Statute: A law passed by a legislature.
- Testify: Answer questions in court.
- Trustee: A person or institution holding and administering property in trust.