(815 ILCS 325/4.2) Sec. 4.2. Purchases of HVAC recyclable metal. A recyclable metal dealer shall not pay cash in payment for any air conditioner evaporator coil or condenser having a value of $100 or more. Payment for these materials must be made as follows: (1) by check or money order; (2) the payee on the check or money order shall be |
| the same person as the seller who conducted the transaction;
|
|
(3) if the seller is a business, then the recyclable
|
| metal dealer shall make the check or money order payable to the company, and not to any individual employee or agent of the company.
|
|
(Source: P.A. 97-923, eff. 1-1-13.)
|