Illinois Statutes
§ 38 — Supervision of issuance of stock and mortgages
Illinois § 38
JurisdictionIllinois
TopicHUMAN NEEDS
Ch. 315URBAN PROBLEMS
Act 315 ILCS 20/Neighborhood Redevelopment Corporation Law.
This text of Illinois § 38 (Supervision of issuance of stock and mortgages) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
315 Ill. Comp. Stat. 38 (2026).
Text
The power of Neighborhood Redevelopment Corporations to issue shares of stock and Mortgages is a special privilege and shall be exercised only under the supervision and regulation of the Redevelopment Commission, acting for the State, according to the provisions of this Act and under such administrative rules and regulations as may be adopted by the Redevelopment Commission in discharging the functions given it by this Act.
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Legislative History
(Source: Laws 1941, vol. 1, p. 431.)
Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 38, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/315/38.