Sec. 15-161. To contract and act in its corporate name.
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/il/chapter-40/act-5/15-161A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 15-161. To contract and act in its corporate name.
To be a public corporation of this State with power to enter into contracts, accept and make transfers of property, real and personal; to conduct in its corporate name all court proceedings which the board deems necessary to protect the interests of the State and of the intended beneficiaries under this Article; and generally to accomplish the objects and purposes thereof.