Illinois Compiled Statutes > 105 ILCS 405 > Article II – Illinois Community College Board
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| § 105 ILCS 405/2-4 | Area Planning Councils |
Terms Used In Illinois Compiled Statutes > 105 ILCS 405 > Article II - Illinois Community College Board
- Contract: A legal written agreement that becomes binding when signed.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- 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
- Trustee: A person or institution holding and administering property in trust.