Illinois General Assembly - Illinois Compiled Statutes

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815 ILCS 5/7a

(815 ILCS 5/7a) (from Ch. 121 1/2, par. 137.7a)

Sec. 7a.

(a) Except as provided in subsection (b) of this Section,
no securities, issued by an issuer engaged in or deriving revenues from the
conduct of any business or profession, the conduct of which would violate
Section 11-14, 11-14.3, 11-14.4 as described in subdivision (a)(1), (a)(2), or (a)(3) or that involves soliciting for a juvenile prostitute, 11-15, 11-15.1, 11-16, 11-17, 11-19 or 11-19.1 of the
Criminal Code of 1961 or the Criminal Code of 2012, if conducted in this
State, shall be sold or registered pursuant to Section 5, 6 or 7 of this
Act nor sold pursuant to the provisions of Section 3 or 4 of this Act.

(b) Notwithstanding the provisions of subsection (a) hereof, such
securities issued prior to the effective date of this amendatory Act of
1989 may be sold by a resident of this State in transactions which qualify
for an exemption from the registration requirements of this Act pursuant to
subsection A of Section 4 of this Act.

(Source: P.A. 96-1551, eff. 7-1-11; 97-1150, eff. 1-25-13.)