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Terms Used In Illinois Compiled Statutes 60 ILCS 1/150-85

  • Deed: The legal instrument used to transfer title in real property from one person to another.
     When any conveyance of real estate is made by the board of managers under Section 150-75 or 150-80, the deed shall recite the date and result of the election authorizing the sale and shall be signed by the president of the board of managers in his or her official capacity and attested by the clerk of the board of managers.