Illinois Compiled Statutes 225 ILCS 407 Auction License Act. Section 15-15

    (225 ILCS 407/15-15)

    (Section scheduled to be repealed on January 1, 2020)

    Sec. 15-15. Supervisory duties. The sponsoring auctioneer, auction firm, and managing auctioneer shall have the duty and responsibility to supervise, manage, and control any sponsored licensee, agent, or employee while conducting an auction or providing an auction service. Any violation of this Act by a sponsored licensee, agent, or employee of a sponsoring auctioneer, auction firm, or managing auctioneer shall be deemed to be a violation by the sponsoring auctioneer, auction firm, or managing auctioneer as well as by the sponsored licensee, agent, or employee.

(Source: P.A. 91-603, eff. 1-1-00.)

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Last modified: February 18, 2015