Illinois Compiled Statutes > 705 ILCS 230 – Building and Loan Receivership Fee Act
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| § 705 ILCS 230/0.01 | Short title |
| § 705 ILCS 230/1 | In all cases in the courts in this State wherein receivers or … |
Terms Used In Illinois Compiled Statutes > 705 ILCS 230 - Building and Loan Receivership Fee Act
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.