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735 ILCS 5/ 15-1202
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§ 15-1202 Collateral Assignment of Beneficial Interest
Article XV: Mortgage Foreclosure
Part 12: Definitions
Rule Text
"Collateral assignment of beneficial interest" means any pledge or assignment of the beneficial interest in a land trust to any person to secure a debt or other obligation.
Amendment history: (from Ch. 110, par. 15-1202) (Source: P.A. 84-1462.)