Ill. Admin. Code tit. 14 § 200.110

Current through Register Vol. 48, No. 45, November 8, 2024
Section 200.110 - Material

A statement or omission of fact is "material" within the meaning of the Act if there is a substantial likelihood that a reasonable prospective franchisee would consider it significant in making a decision to purchase or not purchase the franchise.

Ill. Admin. Code tit. 14, § 200.110

Amended at 23 Ill. Reg. 11561, effective September 7, 1999