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Public Act 093-0927
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| SB2559 Enrolled |
LRB093 20591 RXD 46406 b |
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AN ACT concerning business transactions.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Securities Law of 1953 is amended |
by changing Section 2.1 as follows:
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(815 ILCS 5/2.1) (from Ch. 121 1/2, par. 137.2-1)
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Sec. 2.1. Security. "Security" means any note, stock, |
treasury stock,
bond, debenture, evidence of indebtedness, |
certificate of interest or
participation in any profit-sharing |
agreement, collateral-trust
certificate, preorganization |
certificate or subscription, transferable
share, investment |
contract, investment fund share, face-amount certificate,
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voting-trust certificate, certificate of deposit, certificate |
of deposit
for a security, fractional
undivided interest in |
oil, gas or other mineral lease, right or royalty,
any put, |
call, straddle, option, or privilege on any security, |
certificate
of deposit, or group or index of securities |
(including any interest therein
or based on the value thereof), |
or any put, call, straddle, option, or
privilege entered into, |
relating to
foreign currency, or, in general, any interest or |
instrument commonly known
as a "security", or any certificate |
of interest or participation in,
temporary or interim |
certificate for, receipt for, guarantee of, or warrant
or right |
to subscribe to or purchase, any of the foregoing.
"Security" |
does not mean a mineral investment contract or a mineral
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deferred delivery contract; provided, however, the Department |
shall have
the authority to regulate these contracts as |
hereinafter provided.
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(Source: P.A. 92-308, eff. 1-1-02.)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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