reglab/housing_qa huggingface dataset:
815 ILCS 602/5-20
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-20.     Burden of proof and evidentiary matters.(a) In any administrative, civil,  or criminal proceeding related to this Law, the burden of  proving an exemption, an exception from a definition or an  exclusion from this Law is upon the person claiming it.(b) In any action, administrative, civil, or criminal, a certificate under  the seal of the State of Illinois, signed by the Secretary of State, attesting  to the filing of or the absence of any filing of any document or record with  the Secretary of State under this Act, shall constitute prima facie evidence of  such filing or of the absence of the filing, and shall be admissible in  evidence in any administrative, criminal, or civil action.(c) In any administrative, civil, or criminal action, the Secretary of State  may issue a certificate  under the seal of the State of Illinois, signed by the  Secretary of State, showing that any document or record is a true and exact  copy, photocopy or otherwise, of the record or document on file with the  Secretary of State under this Act; and such certified document or record shall  be admissible in  evidence with the same effect as the original document or  record would  have if actually produced.(d) Any certificate pursuant to subsection (b) or (c) of this Section shall  be furnished by the Secretary of State upon an application therefor in the form  and manner prescribed by the Secretary of State by rule, and shall be  accompanied by payment of a non-refundable certification  fee in the amount specified by rule or by order of the Secretary of State.    (Source: P.A. 92-308, eff. 1-1-02.)
815 ILCS 602/5-25
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-25.     Registration requirement.     It is unlawful for any  person to offer or sell any business opportunity in this State  unless the business opportunity is registered under this Law or  is exempt under Section 5-10 of this Law.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-40
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-40.     Contract or agreement provisions.(a) It is unlawful for any person to offer or sell any  business opportunity required to be registered unless the  business opportunity contract or agreement is in writing and a  copy of the contract or agreement is given to the purchaser at  the time the purchaser signs the contract or agreement.(b) Contracts or agreements shall set forth in at least  ten-point type or equivalent size, if handwritten, the following:(1) The terms and conditions of any and all payments     due to the seller;(2) The seller's principal business address and the     name and address of the seller's agent in this State authorized to receive service of process;(3) The business form of the seller, whether     corporate, partnership, or otherwise;(4) The delivery date or, when the contract provides     for a periodic delivery of items to the purchaser, the approximate delivery date of the product, equipment, or supplies the seller is to deliver to the purchaser to enable the purchaser to start his or her business; and(5) Whether the product, equipment, or supplies are     to be delivered to the purchaser's home or business address or are to be placed or caused to be placed by the seller at locations owned or managed by persons other than the purchaser.   (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-50
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-50.     Minimum net worth or bond requirement.(a) In connection with the offer or sale of a business  opportunity, no seller may make or use any of the  representations set forth in Section 5-5.10(a)(4) and Section  5-5.10(a)(5) of this Law unless the seller has at all times a  minimum net worth of $25,000 as determined in accordance with  generally accepted accounting principles. In lieu of the minimum  net worth requirement, the Secretary of State may, by rule,  regulation, or order, require a business opportunity seller to  obtain a surety bond issued by a surety company authorized to do  business in this State. The surety bond shall be in an amount  not less than $25,000 and shall be in favor of this State for  the benefit of any purchaser. The Secretary of State may by  rule, regulation, or order, increase the amount of the bond for  the protection of purchasers and may require the seller to file  reports of all sales in this State to determine the appropriate  amount of bond.(b) Where the seller is required to obtain a surety bond,  the seller shall maintain a surety bond for the duration of the  guarantee or representation giving rise to the surety bond  requirement. Upon expiration of the period of the guarantee, the  seller may allow the surety bond to lapse provided that the  seller shall give notice to the Secretary of State and all  business opportunity purchasers in this State at least 30 days  prior to the lapse of the bond.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-55
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-55.     Administration of this Law.(a) This Law shall be administered by the Secretary of  State.(b) It is unlawful for the Secretary of State or any of his  or her officers or employees to use for personal benefit any  information which is filed with or obtained by the Secretary of  State and which is not made public. No provision of this Law  authorizes the Secretary of State or any of the Secretary of  State's officers or employees to disclose any such information  except among themselves or when necessary or appropriate in a  proceeding or investigation under this Law. No provision of this  Law either creates or derogates from any privilege which exists  at common law or otherwise when documentary or other evidence is  sought under a subpoena directed to the Secretary of State or  any of the Secretary of State's officers or employees.(c) In no case shall the Secretary of State or any of his or her employees  or agents, in the administration of this Law, incur any official or personal  liability by instituting an injunction or other proceeding, by denying,  suspending, or revoking the registration of any business opportunity, by  prohibiting the offer or sale of any business opportunity, or by prohibiting  any person from offering or selling business opportunities.    (Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)
815 ILCS 602/5-60
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-60.     Investigations and subpoenas.(a) The Secretary of State:(1) may make such public or private investigations     within or outside of this State as the Secretary of State deems necessary to determine whether any person has violated or is about to violate any provision of this Law or any rule, regulation, or order under this Law, or to aid in the enforcement of this Law or in the prescribing of rules and forms under this Law;(2) may require or permit any person to file a     statement, under oath or otherwise as the Secretary of State determines, as to all the facts and circumstances concerning the matter to be investigated; and(3) may publish information concerning any violation     of this Law or any rule, regulation, or order under this Law.(b) For the purpose of any investigation or proceeding  under this Law, the Secretary of State or his or her designee  may administer oaths and affirmations, subpoena witnesses,  compel their attendance, take evidence and require, by subpoena or other  lawful means provided by this Act or the rules adopted by the Secretary of  State, the production of any books, papers, correspondence, memoranda,  agreements, or other documents or records which the Secretary of  State deems relevant or material to the inquiry.(c) In case of contumacy or refusal to obey a subpoena issued  to any person under this Section, the Secretary of State, through the  Office of the Attorney General, may bring an appropriate action in any  circuit court of the State of Illinois for the purpose of enforcing the  subpoena.(d) It shall be a violation of the provisions of this Law for any person  to fail to file with the Secretary of State any report, document, or statement  required to be filed under the provisions of this Section or to fail to comply  with the terms of any order of the Secretary of State issued pursuant to this  Law.    (Source: P.A. 92-308, eff. 1-1-02; 92-651, eff. 7-11-02.)
815 ILCS 602/5-70
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-70.     Rules, forms, orders and hearings.(a) The Secretary of State may amend, modify, vacate, and expunge orders  and may make, amend and rescind  rules and forms as are necessary to carry out the  provisions of this Law including rules and forms governing  disclosure documents, applications and reports, and defining any  terms, whether or not used in this Law insofar as the  definitions are not inconsistent with the provisions of this  Law. For the purpose of rules and forms, the Secretary of State  may classify business opportunities, persons, and matters within  his or her jurisdiction, and prescribe different requirements  for different classes.(b) No rule, form, or order may be made, amended, or  rescinded unless the Secretary of State finds that the action is  necessary or appropriate in the public interest or for the  protection of the purchaser. In prescribing rules and forms the  Secretary of State may cooperate with the administrators of  other jurisdictions with a view to effectuating the policy of  this Law to achieve maximum uniformity in the form and content  of disclosure statements, applications, and reports whenever  practicable.(c) No provision of this Law imposing any liability applies  to any act done or omitted in good faith in conformity with any  rule, form, or order of the Secretary of State, notwithstanding  that the rule, form, or order may later be amended or rescinded  or be determined by judicial or other authority to be invalid  for any reason.    (Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)
815 ILCS 602/5-75
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-75.     Administrative files and opinions.(a) A document is filed  with the Secretary of  State when all requirements of this Law with respect  to  filing have  been complied with and the required fee has been paid.(b) The Secretary of State shall keep records of all  applications for registration and disclosure documents which are  or have been effective under this Law and all orders which have  been entered under this Law. The register shall be open for  public inspection.(c) Unless otherwise provided by law, any registration  statement, filing, application, or report filed with the  Secretary of State shall be open for public inspection.(d) The Secretary of State may honor written requests from  interested persons for non-binding opinions upon the payment of  a fee established pursuant to subsection (c) of Section 5-30 of this Law, which  shall not be returnable in any event.    (Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)
815 ILCS 602/5-85
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-85.     Statutory construction.     This Law shall be so construed  as to effectuate its general purpose to make uniform the law of  those states which enact it.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-90
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-90.     Severability of provisions.     If any provision of  this Law or its application to any person or  circumstance is held invalid, the invalidity of that provision or application  does not affect  other provisions or applications of this Law that can be given  effect without the invalid provision or application.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-95
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-95.     Fraudulent and prohibited practices.(a) It is unlawful for any  person, in connection with the offer or sale of any business  opportunity in this State  or any offer or sale pursuant to the exemptions granted under subdivisions  5-10(a), (c), (d), or (h), directly or indirectly:(1) to employ any device, scheme or artifice to     defraud;(2) to make any untrue statement of a material fact     or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or(3) to engage in any act, practice or course of     business which operates or would operate as a fraud or deceit upon any person.(b) No person shall, either directly or indirectly, do any of the  following:(1) offer or sell any business opportunity without     registration under this Act unless the person offering or selling the opportunity is exempt under the Act;(2) fail to file with the Secretary of State any     application, report, document, or answer required to be filed under the provisions of this Act or any rule made by the Secretary of State pursuant to this Act or fail to comply with the terms of any order issued pursuant to this Act or any rules adopted by the Secretary of State; or(3) fail to keep or maintain any records as  is     required under the provisions of this Act or any rule adopted by the Secretary of State pursuant to this Act.   (Source: P.A. 92-308, eff. 1-1-02.)
815 ILCS 602/5-100
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-100.     Misleading filings.     It is unlawful for any  person to make or cause to be made, in any document filed with  the Secretary of State or in any proceeding under this Law any  statement which is, at the time and in the light of the  circumstances under which it is made, false or misleading in any  material respect or, in connection with such statement, to omit  to state a material fact necessary in order to make the  statements made, in the light of the circumstances under which  they are made, not misleading.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-105
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-105.     Unlawful representations.     Neither the fact that  an application for registration has been filed nor the fact that  a business opportunity is effectively registered constitutes a  finding by the Secretary of State that any document filed under  this Law is true, complete and not misleading. Neither any such  fact nor the fact that an exemption or exception is available  for a business opportunity means that the Secretary of State has  passed in any way upon the merits or qualifications of, or  recommended or given approval to, any person or business  opportunity. It is unlawful to make, or cause to be made, to any  purchaser any representation inconsistent with the requirements of this  Section.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-110
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-110.     Advertising.     It is unlawful for any person, in  connection with the offer or sale of any business opportunity in  this State, to publish, circulate or use any advertising which  contains an untrue statement of a material fact or omits to  state a material fact necessary in order to make the statements  made, in the light of the circumstances under which they are  made, not misleading.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-115
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-115.     Criminal penalties.(a) Any person who willfully violates Sections 5-25,  5-50, 5-95, 5-105,  5-110, subsection (a) of Section 5-35, subsection  (a)  of Section 5-40, or subsection (d) of Section 5-60 of this Law  or who willfully violates  any order of which the person has notice, or who violates  Section 5-100 of this Law knowing that the statement made was  false or misleading in any material respect is guilty of a Class 3 felony for  each offense. Each of the acts specified shall constitute a  separate offense and a prosecution or conviction for any one of  such offenses shall not bar prosecution or conviction for any  other offense.(b) No prosecution for any crime under this Law may be  commenced more than 5 years after the alleged violation.(c) Nothing in this Law limits the power of the State to  punish any person for any conduct which constitutes a crime  under any other statute.(d) The Secretary of State may refer such evidence as may  be available concerning violations of this Law or any rule,  regulation, or order under this Law to the Attorney General or  appropriate State's attorney, who may, with or without such a  reference, institute the appropriate criminal proceedings under  this Law.    (Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)
815 ILCS 602/5-120
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-120.     Rescission; surety bond.(a) Any person who violates Section 5-25, 5-50, subsection (a) of Section  5-35, or subsection (a) of Section 5-40  of this Law, is liable to the purchaser who may sue either at  law or in equity for rescission, for recovery of all money or  other valuable consideration paid for the business opportunity  and for actual damages, together with interest at 10% per annum  from the date of sale, reasonable attorney's fees and court  costs.(b) Any person who violates Section 5-95, 5-105, or 5-110 of this  Law is liable to the purchaser who may sue either at law or in  equity for rescission, for recovery of all money or other  valuable consideration paid for the business opportunity and for  treble the actual damages, together with interest at 10% per  annum from the date of sale, reasonable attorney's fees and  court costs.(c) Any person who violates Section 5-95, 5-105, 5-110, or subsection (a) of  Section 5-35  of this Law, or who breaches any business opportunity contract or  agreement or any obligation arising under the contract or  agreement is liable to the purchaser who may sue the surety of  the bond, either at law or in equity to recover all money or  other valuable consideration paid for the business opportunity  and actual damages, together with interest at 10% per annum from  the date of sale, reasonable attorney's fees and court costs.  The liability of the surety shall not exceed the amount of the  bond.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-125
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-125.     Persons liable.     Every person who directly or  indirectly controls a person liable under Section 5-120 or 5-125 of  this Law, every partner in a partnership so liable, every  principal executive officer or director of a corporation so  liable, every person occupying a similar status or performing  similar functions and every employee of a person so liable who  materially aids in the act or transaction constituting the  violation is also liable jointly or severally with and to the  same extent as such person, unless the person liable under this  Section proves that he or she did not know, and in the exercise  of reasonable care could not have known of the existence of the  facts constituting the alleged liability. There is contribution,  as in cases of contract, among the several persons held liable.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-130
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-130.     Miscellaneous provisions.(a) No action shall be maintained under Section 5-120 of this  Law unless commenced before 3 years after the act or transaction  constituting the violation.(a-5) No administrative action shall be brought by the Secretary of State  for  relief under  this Law after the earlier to occur of (i) 3 years from the date upon which the  Secretary of State had notice of facts which in the exercise of reasonable  diligence  would lead to actual knowledge of the alleged violation of the Act, or (ii) 5  years  from the date on which the alleged violation occurred.(b) The rights and remedies under this Law are in addition to any  other rights or remedies that may exist at law or in equity.(c) Any condition, stipulation or provision binding any  purchaser of a business opportunity to waive compliance with or  relieving a person from any duty or liability imposed by or any  right provided by this Law or any rule, regulation or order  issued pursuant to this Law is void.    (Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)
815 ILCS 602/5-135
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

Sec. 5-135.     Deposit of moneys.     All moneys received under this Law shall  be deposited into the Securities Audit and Enforcement Fund.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 602/5-145
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 5

(815 ILCS 602/5-145)Sec. 5-145.     Service of process.(a) The offer or sale of business opportunities in this State by any person,  unless exempt from registration under this Act, shall constitute an  appointment of the Secretary of State,  or his or her successors in office, by  the person to be the true and lawful attorney for the person upon whom may be  served all lawful process in any action or proceeding against the person,  arising out of the offer or sale of the securities.(b) Service of process under this Section shall be made by serving a copy  upon the Secretary of State or any employee in his or her office designated by  the Secretary of State to  accept such service for him or her, provided notice and a copy of the  process are, within 10 days after receiving the notice and process, sent by  registered mail or certified mail, return  receipt requested, by the plaintiff to the defendant, at the last known address  of the defendant.  The filing fee for service of process under this Section  shall be as established pursuant to Section  5-30 of this Act, and shall not be returnable in any event.  The Secretary of  State shall keep a record of all processes each of which shall show the day of  the service.    (Source: P.A. 92-308, eff. 1-1-02.)
815 ILCS 602/Art. 10 heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 10 - (This Article Compiled At 815 ILCS 307/10-1 Et Seq.)

(815 ILCS 602/Art. 10 heading) ARTICLE 10  (This Article compiled at 815 ILCS 307/10-1 et seq.)
815 ILCS 602/Art. 15 heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 15 - (This Article Compiled At 815 ILCS 175/15-1 Et Seq.)

(815 ILCS 602/Art. 15 heading) ARTICLE 15  (This Article compiled at 815 ILCS 175/15-1 et seq.)