§ 1 Short title
§ 2 Center for Business Ownership Succession and Employee Ownership
§ 3 The Employee Ownership Assistance Act is repealed
§ 20 The Consumer Deposit Account Act is amended by repealing Section 5
§ 30 The Corporate Fiduciary Act is amended by repealing Section 2-9
§ 50 The Code of Civil Procedure is amended by repealing Section 12-702
§ 60 The Uniform Commercial Code is amended by repealing Sections 8-308, …
§ 95 The Fiduciary Surety Release Act is repealed
§ 105 Effective date

Terms Used In Illinois Compiled Statutes > 20 ILCS 609 - Center for Business Ownership Succession and Employee Ownership Act

  • Contract: A legal written agreement that becomes binding when signed.
  • Fiduciary: A trustee, executor, or administrator.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC