A plan may refer to facts ascertainable outside of the plan if the manner in which the facts will operate upon the plan is specified in the plan. The facts may include the occurrence of an event or a determination or action by a person, whether or not the event, determination, or action is within the control of a party to the transaction.
805 ILCS 415/107
Reference to external facts
Known as the Entity Omnibus Act
The act spans §§ 805-415-101 to 805-415-110 (10 sections).
P.A. 100-561, eff. 7-1-18.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.