(815 ILCS 602/5-125)
Sec. 5-125.
Persons liable.
Every person who directly or
indirectly controls a person liable under Section 5-120 or 5-125 of
this Law, every partner in a partnership so liable, every
principal executive officer or director of a corporation so
liable, every person occupying a similar status or performing
similar functions and every employee of a person so liable who
materially aids in the act or transaction constituting the
violation is also liable jointly or severally with and to the
same extent as such person, unless the person liable under this
Section proves that he or she did not know, and in the exercise
of reasonable care could not have known of the existence of the
facts constituting the alleged liability. There is contribution,
as in cases of contract, among the several persons held liable.
(Source: P.A. 89-209, eff. 1-1-96.)
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