Illinois Compiled Statutes 815 ILCS 307 Illinois Business Brokers Act of 1995. Section 10-5.15

    (815 ILCS 307/10-5.15)

    Sec. 10-5.15. Business. "Business" means an existing business, goodwill of an existing business, or any interest therein, or any one or combination thereof, where the transaction is not a securities transaction involving securities subject to the Illinois Securities Law of 1953, and wherein the sale or exchange of real estate is not the dominant element of the transaction.

(Source: P.A. 89-209, eff. 1-1-96.)

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Last modified: February 18, 2015