Illinois Compiled Statutes 805 ILCS 180/20-1 – Form of contribution
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Terms Used In Illinois Compiled Statutes 805 ILCS 180/20-1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The contribution of a member may be in cash, property, services rendered, or other benefit, or a promissory note or other obligation to contribute cash or property or to perform services.