Illinois Administrative Code
Title 14 - COMMERCE
Part 135 - REGULATIONS UNDER THE BUSINESS OPPORTUNITY SALES LAW OF 1995
Subpart C - REGISTRATION OF BUSINESS OPPORTUNITIES
Section 135.303 - Procedures for Renewal of Registration of a Business Opportunity Under Section 5-30(e) of the Act

Universal Citation: 14 IL Admin Code ยง 135.303

Current through Register Vol. 48, No. 38, September 20, 2024

a) If the seller of a registered business opportunity wishes to renew its registration, it shall file with the Securities Department a completed and current IL BSOP Form 5-25 together with the renewal application filing fee as specified in Section 135.2110 of this Part.

b) Any amendment(s) shall also be filed with the Securities Department within ten business days if any material change occurs in the information that was filed with the Securities Department when the business opportunity applied for registration.

c) Any application for renewal of registration of a business opportunity filed with or fees paid to the Securities Department within 9 business days or less prior to the date upon which the registration or renewal would expire shall pay an additional fee set forth in Section 135.2110 of this Part.

d) Upon receipt of the renewal fees the Securities Department shall issue to the seller of the business opportunity the proof of renewal as evidence of such registration.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.