Illinois § 1

Full text of Illinois Illinois Compiled Statutes § 1, with citation guidance and answers to common questions.

§ 1.

Definitions. In this Act unless the context requires otherwise: (a) "Assignment" includes any written stock power, bill of sale, deed, declaration of trust or other instrument of transfer. (b) "Beneficial interest" includes the interest of a decedent's legatee, distributee, heir or creditor, of a beneficiary under a trust, of a ward, of a beneficial owner of a security registered in the name of a nominee, or of a minor owner of a security registered in the name of a custodian, or any similar interest. (c) "Corporation" means a corporation (private, public or municipal) association or trust organized or created under the laws of this State and issuing a security subject to this Act, and includes the transfer agents and registrars of any of its securities. (d) "Fiduciary" includes an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian or nominee. (e) "Person" includes a firm or corporation. (f) "Security" includes any share of stock, bond, debenture, note or other security of a corporation which is registered as to ownership on the books of the corporation. (g) "Transfer" means a change on the books of a corporation in the registered ownership of a security. (Source: Laws 1957, p. 247.)

Frequently Asked Questions About Illinois § 1

What does Illinois Compiled Statutes § 1 cover?

Section 1 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Illinois § 1?

A common citation format is "Illinois Compiled Statutes § 1" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Illinois law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.

How does Illinois § 1 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.