(815 ILCS 5/2.5) (from Ch. 121 1/2, par. 137.2-5)
Sec. 2.5.
"Sale" or "sell" shall have the full meaning of that term
as applied by or accepted in the courts of this State, and shall include
every contract of sale or disposition of a security or interest in a security
for value. Any security given with or as a
bonus on account of any purchase of securities or property shall be
conclusively presumed to constitute a part of the subject of such
purchase and shall be deemed to have been sold within the meaning of
this Section. A privilege to convert a security into another security
shall not be deemed a sale of such other security, provided no
consideration from the holder in addition to the surrender or cancellation
of the convertible security is required to effect the conversion.
(Source: P.A. 84-869.)
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