Sec. 1. Definitions.

195 words·~1 min read·/il/chapter-760/act-70/1

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.