Illinois General Assembly - Illinois Compiled Statutes

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815 ILCS 705/6

(815 ILCS 705/6) (from Ch. 121 1/2, par. 1706)

Sec. 6.

Fraudulent practices.

In connection with the offer or sale
of any franchise made in this State, it is unlawful for any person, directly
or indirectly, to:

(a) employ any device, scheme, or artifice to defraud;

(b) make any untrue statement of a material fact or omit to state a material
fact necessary in order to make the statements made, in the light of the
circumstances under which they are made, not misleading; or

(c) engage in any act, practice, or course of business which operates
or would operate as a fraud or deceit upon any person.

For the purposes of this Section 6, a sale of a franchise is made in this
State when: (i) an offer to sell or buy a franchise is made in this State
and accepted within or outside of this State, or (ii) an offer to sell or
buy a franchise is made outside of this State and accepted in this State,
or (iii) the offeree is domiciled in this State, or (iv) the franchised
business is or will be located in this State.

(Source: P.A. 85-551.)