§ 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.