"Appraisal" means a professionally derived written conclusion of the value of the present worth of specified interests or rights in a specific piece of real property, which conclusion is supported by stipulated market conditions and explicitly stated assumptions as of a particular point in time and made for a specified party.
205 ILCS 205/1007.10
Known as the Savings Bank Act
The act spans §§ 205-205-1001 to 205-205-1010 (43 sections).
P.A. 86-1213.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.