(405 ILCS 25/2.06) (from Ch. 91 1/2, par. 602.06)
Sec. 2.06. "Durable, moveable equipment" means for the purposes of this Act all items of initial equipment, other than built-in equipment, which are necessary and appropriate for the functioning of a particular facility. Such equipment shall have an extended, useful life; not be consumed in use; and have an identity and function which will not be lost through incorporation into a more complex unit.
(Source: P.A. 79-1477.)
Sections: Previous 1 2 2.01 2.02 2.03 2.04 2.05 2.06 2.07 3 3.01 3.02 3.03 3.04 3.05 Next
Last modified: February 18, 2015