91st General Assembly
Summary of HB1061
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House Sponsors:

Senate Sponsors:

Short description: 
SOFT DRINK IND FAIR DEALING                                                

Synopsis of Bill as introduced:
        Amends the Franchise Disclosure Act of 1987. Requires copies of a      
   disclosure statement and proposed  franchise  sale  agreements  to  be      
   given  to  a    prospective  franchisee  at  least  14 days before the      
   prospective franchisee executes a binding franchise or other agreement      
   or at least  14  days  (rather  than  14  business  days)  before  any      
   consideration is received.  Effective immediately.                          
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          815 ILCS 705/5                                                       
          Adds reference to:                                                   
          New Act                                                              
        Deletes everything.  Creates the Soft Drink Industry Fair Dealing      
   Act.  Restricts a supplier of soft drinks from taking certain  actions      
   against  a  soft  drink distributor.  Requires a supplier to provide a      
   distributor with a notice of cancellation.                                  
Last action on Bill: PUBLIC ACT.............................. 91-0003

   Last action date: 99-05-21

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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