|§ 0.01||Short title|
|§ 1||Right to Disclaim Transfers Under Nontestamentary Instruments|
Terms Used In Illinois Compiled Statutes > 760 ILCS 25
- 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
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Donee: The recipient of a gift.