Lease

625 ILCS 5/1-137
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(625 ILCS 5/1-137) (from Ch. 95 1/2, par. 1-137) Sec. 1-137. Lease. A written document vesting exclusive possession, use, control and responsibility of the lessee during the periods the vehicle is operated by or for the lessee for a specific period of time. (Source: P.A. 81-501.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements