§ 765 ILCS 25/1 All deeds, mortgages, or other instruments in writing, relating to or …
§ 765 ILCS 25/1.1 Short title
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Terms Used In Illinois Compiled Statutes > 765 ILCS 25 - Acknowledgment Validation Act

  • 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.
  • Grantor: The person who establishes a trust and places property into it.
  • Heretofore: means any time previous to the day on which the statute takes effect; and the word "hereafter" at any time after such day. See Illinois Compiled Statutes 5 ILCS 70/1.17
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.