§ 810 ILCS 5/8-501 Securities account; acquisition of security entitlement from securities intermediary
§ 810 ILCS 5/8-502 Assertion of adverse claim against entitlement holder. An action …
§ 810 ILCS 5/8-503 Property interest of entitlement holder in financial asset held by securities intermediary
§ 810 ILCS 5/8-504 Duty of securities intermediary to maintain financial asset
§ 810 ILCS 5/8-505 Duty of securities intermediary with respect to payments and distributions
§ 810 ILCS 5/8-506 Duty of securities intermediary to exercise rights as directed by …
§ 810 ILCS 5/8-507 Duty of securities intermediary to comply with entitlement order
§ 810 ILCS 5/8-508 Duty of securities intermediary to change entitlement holder’s …
§ 810 ILCS 5/8-509 Specification of duties of securities intermediary by other statute …
§ 810 ILCS 5/8-510 Rights of purchaser of security entitlement from entitlement holder
§ 810 ILCS 5/8-511 Priority among security interests and entitlement holders

Terms Used In Illinois Compiled Statutes > 810 ILCS 5 > Article 8 > Part 5 - Security Entitlements

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • 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
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.