§ 1 This Act shall be known as the Agricultural Foreign Investment …
§ 2 For purposes of this Act: (1) the term …
§ 3 Foreign persons
§ 4 (a) If the Director determines that a person: …
§ 5 The Director may take such actions as the Director considers …
§ 6 A foreign person required to make a report to the Director by Section …
§ 7 Not later than 90 days after the date of the enactment of this Act, …
§ 8 (a) Except as provided in subsection (b) of this Section, this Act is …

Terms Used In Illinois Compiled Statutes > 765 ILCS 50

  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.