Reserve

40 ILCS 5/12-107
in effect
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(40 ILCS 5/12-107) (from Ch. 108 1/2, par. 12-107) Sec. 12-107. Reserve. "Reserve": when applied to an annuity means the present value, according to the applicable actuarial tables and rate of interest, of the payments to be made on account of such annuity. (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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