Ill. Admin. Code tit. 14 § 140.803

Current through Register Vol. 48, No. 45, November 8, 2024

Section 140.803 - Exemptions from Waiting Period and Disclosure Requirements Pursuant to Section 10-30 of the Act

A business broker shall be entitled to rely upon a statement executed by the client that:

a) the client is in one of the categories enumerated in Section 10-30.5(a)(1) through (5) of the Act. Illinois Form BB02 may be utilized by the business broker for this purpose; or

b) the client had an attorney review the business broker's contract with the client. Illinois Form BB03 may be utilized by the business broker for this purpose.

Ill. Admin. Code tit. 14, § 140.803

Amended at 23 Ill. Reg. 3059, effective March 1, 1999