Illinois Compiled Statutes 110 ILCS 945/3.13 – Education loan series portfolio
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Terms Used In Illinois Compiled Statutes 110 ILCS 945/3.13
- 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.
“Education Loan series portfolio” means all Education Loans made by an institution of higher education or education loan corporation which are funded from the proceeds of an Authority Loan to such institution or education loan corporation out of the proceeds of a related specific Bond issue through the Authority.