(815 ILCS 705/11) (from Ch. 121 1/2, par. 1711)
Sec. 11. Amendments. Within 30 days after the close of each quarter of its fiscal year, the franchisor shall prepare revisions to its disclosure statement to reflect any material changes to disclosures included, or required to be included, in the disclosure statement. The franchisor shall
deliver the amended disclosure statement in accordance with the
requirements of subsection (2) of Section 5 and Section 16 of this Act to
any prospective franchisee, including prospective franchisees to whom a
disclosure statement was previously delivered if the material change
relates to or affects the franchise offered to such
prospective franchisees. The amended disclosure statement shall be
filed with the Administrator. An amendment shall not be required if the terms of
the franchise agreement merely reflect changes from the franchisor's
registered franchise made pursuant to negotiations between the franchisee
and the franchisor.
The fact that the franchise is considered to be registered is not a
finding that the amended disclosure statement complies with the standard of
disclosure required by this Act.
(Source: P.A. 96-648, eff. 10-1-09.)
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