Illinois Compiled Statutes 720 ILCS 5/2-15 – “Person”
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Terms Used In Illinois Compiled Statutes 720 ILCS 5/2-15
- 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.
- 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.
“Person” means an individual, natural person, public or private corporation, government, partnership, unincorporated association, or other entity.