Illinois § 20-25 Material business changes

Illinois Statutes

§ 20-25 — Material business changes

Illinois § 20-25

JurisdictionIllinois

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 731/Digital Assets and Consumer Protection Act.

Art.Article 20 - Supervision

This text of Illinois § 20-25 (Material business changes) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

205 Ill. Comp. Stat. 20-25 (2026).

Text

(a)A registrant shall file with the Department a report of the following, as may be applicable:

(1)A material change in information in the application for a registration under this Act or the most recent renewal report of the registrant under this Act.

(2)A material change in the registrant's business for the conduct of its digital asset business activity with or on behalf of a resident.

(3)A change of an affiliate, executive officer, responsible individual, or person in control of the registrant.

(b)A report required by this Section shall be filed not later than 15 days after the change described in subsection (a).

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(a) A registrant shall file with the Department a report of the following, as may be applicable: (1) A material change in information in the application for a registration under this Act or the most recent renewal report of the registrant under this Act. (2) A material change in the registrant's business for the conduct of its digital asset business activity with or on behalf of a resident. (3) A change of an affiliate, executive officer, responsible individual, or person in control of the registrant. (b) A report required by this Section shall be filed not later than 15 days after the change described in subsection (a).