Terms Used In Illinois Compiled Statutes > 60 ILCS 1 > Article 225 - Services For Persons With Disabilities

• 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.
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Trustee: A person or institution holding and administering property in trust.