|§ 755 ILCS 30/0.01||Short title|
|§ 755 ILCS 30/1||The designation in accordance with the terms of any insurance, …|
|§ 755 ILCS 30/2||This act shall apply to such designations made before or after the …|
Terms Used In Illinois Compiled Statutes > 755 ILCS 30 - Third Party Beneficiary Contract Act
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.