Illinois Statutes
§ 5-5.40 — Sale or sell
Illinois § 5-5.40
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 815BUSINESS TRANSACTIONS
Act 815 ILCS 602/Business Opportunity Sales Law of 1995.
Art.Article 5 -
This text of Illinois § 5-5.40 (Sale or sell) 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
815 Ill. Comp. Stat. 5-5.40 (2026).
Text
"Sale" or "Sell" means every contract or agreement of sale, contract to sell, disposition of a business opportunity or interest in a business opportunity for value.
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Legislative History
(Source: P.A. 89-209, eff. 1-1-96.)
Nearby Sections
15
§ 5-1
Short title§ 5-100
Misleading filings§ 5-105
Unlawful representations§ 5-110
Advertising§ 5-115
Criminal penalties§ 5-120
Rescission; surety bond§ 5-125
Persons liable§ 5-130
Miscellaneous provisions§ 5-135
Deposit of moneys§ 5-145
Service of process§ 5-15
Sentence§ 5-25
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Bluebook (online)
Illinois § 5-5.40, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/815/5-5.40.