Illinois Compiled Statutes 405 ILCS 25/6 – Conveyance of title to or leasing of lands and buildings
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Terms Used In Illinois Compiled Statutes 405 ILCS 25/6
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
Upon the completion of construction of all buildings and facilities of a specialized living center for persons with a developmental disability the Capital Development Board may convey to the sponsoring authority for nominal consideration a fee simple interest.