Illinois Compiled Statutes 775 ILCS 15/2 – Unless the context clearly requires otherwise, the following terms …
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Unless the context clearly requires otherwise, the following terms have the meanings ascribed to them herein:
(a) “financial institution” means any State-chartered bank, trust company, savings and loan association, building and loan association, mortgage lending firm, or other similar institution;
(b) “governmental agency” means the State of Illinois and each of its instrumentalities and the political subdivisions of the State and each of their instrumentalities;
(c) “person” means a natural person, corporation, partnership, association or other entity; and
(d) “shipping company” means a person who or which is engaged in the business of transporting passengers or goods from one point to another for valuable consideration.
(a) “financial institution” means any State-chartered bank, trust company, savings and loan association, building and loan association, mortgage lending firm, or other similar institution;
Terms Used In Illinois Compiled Statutes 775 ILCS 15/2
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(b) “governmental agency” means the State of Illinois and each of its instrumentalities and the political subdivisions of the State and each of their instrumentalities;
(c) “person” means a natural person, corporation, partnership, association or other entity; and
(d) “shipping company” means a person who or which is engaged in the business of transporting passengers or goods from one point to another for valuable consideration.