Illinois Administrative Code
Title 14 - COMMERCE
Part 135 - REGULATIONS UNDER THE BUSINESS OPPORTUNITY SALES LAW OF 1995
Subpart C - REGISTRATION OF BUSINESS OPPORTUNITIES
Section 135.351 - Additional Required Disclosure from Seller-Guarantors
Universal Citation: 14 IL Admin Code ยง 135.351
Current through Register Vol. 48, No. 38, September 20, 2024
In addition to filing the information specified in Section 5-35(b) of the Act, sellers who guarantee the business opportunity shall be required to provide the following information as an addendum to the disclosure document including a description of the nature of the guarantee, including, without limitation, the source of funds and other obligations and contingent and off-balance sheet obligations, which, if matured or liquidated, could impair the ability of the guarantor to perform.
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