Illinois Statutes
§ 20-25 — Material business changes
Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 731/ Digital Assets and Consumer Protection Act.·Art. Article 20 - Supervision
(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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Legislative History
(Source: P.A. 104-428, eff. 8-18-25.)
Nearby Sections
15
§ 20-10
Examination§ 20-15
Books and records§ 20-20
Regulatory cooperation§ 20-25
Material business changes§ 20-30
Change in control§ 20-35
Mergers§ 20-40
Investigation of complaints§ 20-5
§ 20-5§ 20-50
Enforcement actions§ 20-55
Violations§ 20-60
Hearings§ 20-65
Hearing rules§ 20-70
Civil penalties