Illinois Statutes

§ 5-80 — Scope of the Law; service of process

Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 815 BUSINESS TRANSACTIONS·Act 815 ILCS 602/ Business Opportunity Sales Law of 1995.·Art. Article 5 -
(a)The provisions of this Law concerning sales and offers to sell apply to persons who sell or offer to sell when:
(1)An offer to sell is made in this State;
(2)An offer to purchase is made and accepted in this State; or (3) The purchaser is domiciled in this State and the business opportunity is or will be operated in this State.
(b)For the purpose of this Section, an offer to sell is made in this State, whether or not either party is then present in this State, when:
(1)The offer originates from this State; or (2) The offer is directed by the offeror to this State and received at the place to which it is directed or at any post office in this State in the case of a mailed offer.
(c)For the purpose of this Section, an offer to sell is accepted in this State when acceptance:
(1)Is c

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Legislative History

(Source: P.A. 89-209, eff. 1-1-96.)

Nearby Sections

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