|§ 1||Short title|
|§ 5||Legislative findings|
|§ 15||Transfer fee covenant prohibition|
Terms Used In Illinois Compiled Statutes > 765 ILCS 155
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Grantor: The person who establishes a trust and places property into it.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.