(805 ILCS 35/3)
(from Ch. 32, par. 1003)
As used in this Act, unless the context otherwise requires:
"Development credit corporation" means any corporation organized
pursuant to this Act for the purposes prescribed in Section 4 of this
"Financial institution" means any bank, trust company, savings and loan
association, insurance company, or related corporation, partnership,
foundation or other institution, authorized to do business in the State of
Illinois and engaged primarily or largely in lending or investing funds.
"Member" means any financial institution which undertakes to lend money
to a development credit corporation upon its call and in accordance with
Section 15 of this Act.
"Board of Directors" means the board of directors of a development
"Loan Limit" means, for any member, the maximum amount permitted to be
outstanding at any one time on loans made by such member to a development
credit corporation, as determined by the provisions of this Act and shall
include the aggregate unpaid principal amount of all obligations or
evidences of indebtedness, or participations therein, of any development
credit corporation, owned by such member.
"Director" means the Director of Financial Institutions.
(Source: Laws 1965, p. 577.)