§ 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§ 3 The Employee Ownership Assistance Act is repealed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§ 95 The Fiduciary Surety Release Act is repealed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

  • Contract: A legal written agreement that becomes binding when signed.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Fiduciary: A trustee, executor, or administrator.
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10
  • Statute: A law passed by a legislature.
  • 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