§ 50 ILCS 415/0.01 Short title
§ 50 ILCS 415/1 As used in this Article: (a) “Unit of …
§ 50 ILCS 415/2 Whenever it is advantageous and in the public interest to do so, a …
§ 50 ILCS 415/3 Nothing in this Act shall be construed to permit any invested or …
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Terms Used In Illinois Compiled Statutes > 50 ILCS 415 - Local Government Defeasance of Debt Law

  • 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.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.