Illinois Compiled Statutes 815 ILCS 5/2.18 – “Clearing corporation” means a clearing corporation as defined in …
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Terms Used In Illinois Compiled Statutes 815 ILCS 5/2.18
- 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.
“Clearing corporation” means a clearing corporation as defined in § 8-102 of the Uniform Commercial Code, as amended.