Illinois Compiled Statutes 765 ILCS 1010 — Electricity and Gas Joint Ownership Act.

Short title

Short title. This Act may be cited as the Electricity and Gas Joint Ownership Act. (Source: P.A. 86-1324.)

As used in this Act: (a) "property" means real and personal property or any interest therein; and (b) "person" means any person, firm, association or corporation

As used in this Act: (a) "property" means real and personal property or any interest therein; and (b) "person" means any person, firm, association or corporation. (Source: Laws 1967, p. 1842.)

Any 2 or more persons who own or intend to own, jointly or as tenants in common, any property that is used or is to be used in whole or in part for the generation, transmission or distribution of electricity or for the production, gathering, storage, processing, transmission or distribution of manufactured or natural g…

This Act applies to agreements entered into prior, as well as subsequent, to the effective date of this Act

This Act applies to agreements entered into prior, as well as subsequent, to the effective date of this Act. (Source: Laws 1967, p. 1842.)