Terms Used In Illinois Compiled Statutes 220 ILCS 10/5.1

  • 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.
     Notwithstanding anything to the contrary in Section 5 of this Act, the corporation shall have the authority to solicit and accept contributions made pursuant to § 16-111.1 of the Public Utilities Act.
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