Illinois Compiled Statutes 760 ILCS 70/5 – Non-liability of corporation
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Terms Used In Illinois Compiled Statutes 760 ILCS 70/5
- 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.
A corporation making a transfer of a security under this Act incurs no liability to any person.