Illinois Compiled Statutes 315 ILCS 20/3-1 – “Development” means specific work repair or improvement to put into …
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Terms Used In Illinois Compiled Statutes 315 ILCS 20/3-1
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
“Development” means specific work repair or improvement to put into effect a Development Plan. The term includes the Real Property, buildings and improvements owned, constructed, managed or operated by a Neighborhood Redevelopment Corporation.