Illinois Compiled Statutes 215 ILCS 165/11 – Examination of corporations
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Terms Used In Illinois Compiled Statutes 215 ILCS 165/11
- 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.
The Director shall have with respect to health services plan corporations the powers of examination conferred upon him relative to insurance companies by Sections 132 through 132.7 of the Illinois Insurance Code. The cost of any examination shall be paid by the corporation examined.