Terms Used In Illinois Compiled Statutes > 430 ILCS 120 - Illinois Manufactured Home Installers Act

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Authority: means the Collinsville Metropolitan Exposition, Auditorium and Office Building Authority. See Illinois Compiled Statutes 70 ILCS 200/60-5
• Board: means the governing and administrative body of the Chicago South Civic Center Authority. See Illinois Compiled Statutes 70 ILCS 200/55-5
• 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
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Metropolitan area: means all that territory in the State of Illinois lying within the corporate boundaries of the City of Harvey and the Villages of Flossmoor, Lansing, South Holland, Homewood, East Hazel Crest, and Glenwood, together with the territory within the boundaries of other Illinois municipalities that become part of the metropolitan area as provided in Section 55-15. See Illinois Compiled Statutes 70 ILCS 200/55-5
• Metropolitan area: means all that territory in the State of Illinois lying within the corporate boundaries of the City of Collinsville. See Illinois Compiled Statutes 70 ILCS 200/60-5