Illinois Administrative Code
Title 14 - COMMERCE
Part 200 - FRANCHISE DISCLOSURE ACT
Subpart A - DEFINITIONS
Section 200.110 - Material
Universal Citation: 14 IL Admin Code ยง 200.110
Current through Register Vol. 48, No. 38, September 20, 2024
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.
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