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91_HB4421
LRB9112955LDpr
1 AN ACT to amend the Franchise Disclosure Act of 1987 by
2 changing Section 12.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Franchise Disclosure Act of 1987 is
6 amended by changing Section 12 as follows:
7 (815 ILCS 705/12) (from Ch. 121 1/2, par. 1712)
8 Sec. 12. Period of effectiveness. The registration of a
9 franchise and the disclosure statement used in connection
10 therewith shall remain continue to be effective unless the
11 Administrator issues an order suspending, terminating,
12 prohibiting or denying the sale or registration of the
13 franchise under this Act.
14 (Source: P.A. 85-551.)