Illinois Compiled Statutes 40 ILCS 5/6-182 – To accept gifts
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/6-182
- Bequest: Property gifted by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
To accept by gift, grant, bequest or otherwise any money or property of any kind and use the same for the purposes of the fund.