Illinois Compiled Statutes > 805 ILCS 40 > Article 4 – Accountability
Current as of: 2023 | Check for updates
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Other versions
§ 4.01 | Standard of Conduct for Directors |
§ 4.05 | Benefit director |
§ 4.10 | Standard of conduct for officers |
§ 4.15 | Benefit officer |
§ 4.20 | Right of action; benefit enforcement proceeding |
Terms Used In Illinois Compiled Statutes > 805 ILCS 40 > Article 4 - Accountability
- 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.
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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
- Quorum: The number of legislators that must be present to do business.