Sec. 124B-110. Definition; "owner".
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/il/chapter-725/act-5/124b-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 124B-110. Definition; "owner". In this Article, "owner" means a person with an ownership interest in the specific property sought to be forfeited, including a leasehold, lien, mortgage, recorded security interest, or valid assignment of an ownership interest. "Owner" does not include any of the following:
(1)A person with only a general unsecured interest in, or claim against, the property
or estate of another.
(2)A bailee, unless the bailor is identified and the bailee shows a colorable
legitimate interest in the property seized.
(3)A nominee who exercises no dominion or control over the property.