State of Illinois
91st General Assembly
Legislation

   [ Search ]   [ Legislation ]
[ Home ]   [ Back ]   [ Bottom ]

[ Introduced ]

91_HB4421eng

 
HB4421 Engrossed                               LRB9112955LDpr

 1        AN  ACT  to amend the Franchise Disclosure Act of 1987 by
 2    changing Section 12.

 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:

 5        Section  5.   The  Franchise  Disclosure  Act  of 1987 is
 6    amended by changing Section 12 as follows:

 7        (815 ILCS 705/12) (from Ch. 121 1/2, par. 1712)
 8        Sec. 12.  Period of effectiveness. The registration of  a
 9    franchise  and  the  disclosure  statement used in connection
10    therewith shall remain continue to be  effective  unless  the
11    Administrator   issues   an  order  suspending,  terminating,
12    prohibiting or  denying  the  sale  or  registration  of  the
13    franchise under this Act.
14    (Source: P.A. 85-551.)

[ Top ]