Illinois Compiled Statutes > 65 ILCS 5 > Article 11 > Art 11 prec Div 1 > Division 3 – Penal Institutions–General Powers
Current as of: 2024 | Check for updates
|
Other versions
| § 65 ILCS 5/11-3-1 | The corporate authorities of each municipality may establish and … |
| § 65 ILCS 5/11-3-2 | The corporate authorities of each municipality may use the county … |
Terms Used In Illinois Compiled Statutes > 65 ILCS 5 > Article 11 > Art 11 prec Div 1 > Division 3 - Penal Institutions--General Powers
- 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.
- Grantor: The person who establishes a trust and places property into it.