Illinois Compiled Statutes > 50 ILCS 510 – Local Government Professional Services Selection Act
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Terms Used In Illinois Compiled Statutes > 50 ILCS 510 - Local Government Professional Services Selection Act
- 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.
- 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.
- United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14