40 ILCS 5/15-161

40 ILCS 5/15-161
in effect
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(40 ILCS 5/15-161) (from Ch. 108 1/2, par. 15-161) 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. (Source: Laws 1963, p. 161.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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