TITLE 14: COMMERCE
SUBTITLE A: REGULATION OF BUSINESS
CHAPTER I: SECRETARY OF STATE
PART 140
REGULATIONS UNDER THE ILLINOIS BUSINESS BROKERS ACT OF 1995
The General Assembly's Illinois Administrative Code database includes only those rulemakings that have been permanently adopted. This menu will point out the Sections on which an emergency rule (valid for a maximum of 150 days, usually until replaced by a permanent rulemaking) exists. The emergency rulemaking is linked through the notation that follows the Section heading in the menu.
SUBPART A: DEFINITIONS
- Section 140.50 Scope of the Law (Repealed)
- Section 140.51 Definitions of Terms Used in the Act and the Rules
SUBPART B: REGISTRATION OF BUSINESS BROKERS
- Section 140.100 Procedures for Registration as a Business Broker Under Section 10-10 of the Act
- Section 140.120 Procedures for Withdrawal of Pending Application or Termination of Registration as a Business Broker
- Section 140.130 Procedure with Respect to Abandoning Incomplete Applications for Registration as a Business Broker
- Section 140.200 Procedures for Renewal of Registration as a Business Broker Under Section 10-20 of the Act
- Section 140.300 When Disclosure Statement Must Be Provided
- Section 140.301 Purpose of Disclosure; Substantial Compliance
- Section 140.302 Contents of Disclosure Statement
- Section 140.303 Providing the Contract With the Disclosure Statement
- Section 140.304 Providing the Contract to Client (Repealed)
SUBPART C: PROCEDURES FOR ADMINISTRATIVE HEARINGS
SUBPART D: RECORDS
SUBPART E: EXEMPTIONS
- Section 140.800 Previous and Ongoing Agreements or Contracts and Transactions Not Affected (Repealed)
- Section 140.801 Burden of Proof
- Section 140.802 Exemption for Franchises (Repealed)
- Section 140.803 Exemptions from Waiting Period and Disclosure Requirements Pursuant to Section 10-30 of the Act
- Section 140.804 Exemption for Attorneys (Repealed)
- Section 140.805 Exemption for Certified Public Accountants (Repealed)
- Section 140.806 Other Persons Exempt from the Act and This Part (Repealed)
- Section 140.807 Transactions Exempt from the Act and This Part (Repealed)
- Section 140.808 Exemption for Real Estate Brokers and Real Estate Salespersons – Services Incidental to a Real Estate Brokerage Agreement (Repealed)
- Section 140.810 Exemption for Loan Broker Agreements or Contracts from the Business Brokers Act of 1995
SUBPART F: SERVICE OF PROCESS
SUBPART G: PROCEDURES FOR BUSINESS BROKER LIENS
- Section 140.1150 Procedures for Filing a Notice of Lien or Amendment to a Notice of Lien Under Section 10-115 of the Act
- Section 140.1152 Procedures to Terminate a Notice of Lien Prior to the Two Year Expiration
SUBPART H: EVIDENTIARY MATTERS AND NON-BINDING STATEMENTS
SUBPART I: PUBLIC INFORMATION
- Section 140.1400 Inspection of Business Broker Records
- Section 140.1401 Non-Public Distribution of Information
SUBPART J: RULES OF GENERAL APPLICATION
- Section 140.2100 Business Hours of the Securities Department
- Section 140.2101 Computation of Time
- Section 140.2110 Payment of Fees
- Section 140.2120 Place of Filing
- Section 140.2130 Date of Filing
- Section 140.2140 Requirements as to Proper Form
- Section 140.2141 Additional Information
- Section 140.2142 Additional Exhibits
- Section 140.2143 Information Unknown or Not Reasonably Available
- Section 140.2144 Requirements as to Paper, Printing and Language
- Section 140.2145 Number of Copies – Signatures
- Section 140.2190 Provisions for Granting of Variance from Rules