Terms Used In Illinois Compiled Statutes 610 ILCS 5/22

  • 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.
     No such corporation shall consolidate its capital stock with any other railway owning a parallel or competing line. And in no case shall any consolidation take place, except upon sixty days’ notice thereof given, which notice shall be given in manner and form as prescribed in the fifteenth section of this act.
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