Illinois Compiled Statutes 205 ILCS 205/1007.45 – “Deposit insurance corporation” means the Federal Deposit Insurance …
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Terms Used In Illinois Compiled Statutes 205 ILCS 205/1007.45
- 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.
- United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
“Deposit insurance corporation” means the Federal Deposit Insurance Corporation or other instrumentality of or corporation chartered by the United States that is supported by the “Full faith and credit of the United States government” as stated in a congressional resolution.