Illinois Clauses Relating to Dividends, Distributions
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(1) Every domestic company shall keep its books, records, documents, accounts and vouchers in such manner that its financial condition, affairs and operations can be ascertained and so that its financial statements filed with the Director can be readily verified and its compliance with the law determined and may cause ...
(a) A person is justified in the use of force against another when and to the extent that he reasonably believes that such conduct is necessary to prevent or terminate such other's trespass on or other tortious or criminal interference with either real property (other than a dwelling) or personal property, lawfully in ...
[1] A person [(knows) (acts knowingly with regard to) (acts with knowledge of)] the nature or attendant circumstances of his conduct when he is consciously aware that his conduct is of that nature or that those circumstances exist.
Insurance companies owe a duty of good faith and fair dealing to their policyholders in Illinois. Insurers must investigate claims, pay for valid claims covered by the policy, defend the insured, and uphold the terms of the insurance policy. Their failure to perform these duties may constitute insurance bad faith.
The Illinois Income Tax Act states that a ?tax measured by net income is hereby imposed on every individual, corporation, trust and estate for each taxable year ending after July 31, 1969, on the privilege of earning or receiving income in or as a resident of this State.? 35 ILCS 5/201(a).
(b) A complaint in a proceeding brought in the right of a corporation must allege with particularity the demand made, if any, to obtain action by the directors and either why the complainant could not obtain the action or why he or she did not make the demand.
(a) This Act governs the ascertainment of income and principal and the apportionment of receipts and expenses in all cases where a trust is established unless otherwise stated hereinafter, to the extent not inconsistent with the provisions of the instrument.
720 ILCS 5/16-2 provides that theft of lost or mislaid property can be punished by fine only. If found guilty of this crime, the defendant cannot be incarcerated. Basically, the law imposes a duty on someone who comes upon lost property to notify the owner that he found it.