Section 140.803  Exemptions from Waiting Period and Disclosure Requirements Pursuant to Section 10-30 of the Act

A business broker shall be entitled to rely upon a statement executed by the client that:

a)         the client is in one of the categories enumerated in Section 10-30.5(a)(1) through (5) of the Act.  Illinois Form BB02 may be utilized by the business broker for this purpose; or

b)         the client had an attorney review the business broker's contract with the client. Illinois Form BB03 may be utilized by the business broker for this purpose.

(Source:  Amended at 23 Ill. Reg. 3059, effective March 1, 1999)