(815 ILCS 5/2.26) (from Ch. 121 1/2, par. 137.2-26)
Sec. 2.26.
Mineral investment contract.
"Mineral investment contract"
means any investment, account, agreement, or contract whereby the
investor's profits are dependent upon the transportation, mining, minting,
milling, flotation, refining, hallmarking, sale, resale, or repurchase of a
metal or mineral, even if there is any potential for profit from
fluctuation in the value of the metal or mineral, except any contract or
agreement for the sale or purchase of a metal or mineral between merchants.
Nothing herein shall affect the jurisdiction or authority of the Commodity
Futures Trading Commission under the Federal 1974 Act or the
application of
any provision thereof or regulation thereunder to any person or transaction
subject thereto. The Secretary of State may, for the purposes of this
Section by rules and regulations, define the term "between merchants".
(Source: P.A. 90-70, eff. 7-8-97.)
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