(225 ILCS 407/15-25)
(Section scheduled to be repealed on January 1, 2030)
Sec. 15-25.
Auction firm.
No corporation, limited liability company, or
partnership shall
be licensed without being managed by a licensed auctioneer. The managing
auctioneer of any
auction firm shall be responsible for the actions of all licensed and
unlicensed employees, agents,
and representatives of said auction firm while the firm is conducting an
auction or providing an
auction service.
(Source: P.A. 91-603, eff. 1-1-00.)
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