Terms Used In Illinois Compiled Statutes 215 ILCS 165/15.11

  • 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.
     To the extent not inconsistent with this Act every health services plan corporation shall be subject to the provisions of Section 356g of the “Illinois Insurance Code”, approved June 29, 1937, as amended.