Illinois Compiled Statutes 220 ILCS 10/18 – Dissolution
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Terms Used In Illinois Compiled Statutes 220 ILCS 10/18
- 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.
The corporation may dissolve or be dissolved under the General Not for Profit Corporation Act.