Illinois SB 2351: $DEPT OF CORRECTIONS

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 Full Text of SB2351

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 Senate Amendment 001 
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SB2351 EnrolledLRB104 05051 AAS 15079 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Auction License Act is amended by changing 

5Sections 5-10 and 10-1 as follows:

6 (225 ILCS 407/5-10)

7 (Section scheduled to be repealed on January 1, 2030)

8 Sec. 5-10. Definitions. As used in this Act:

9 "Advertisement" means any written, oral, or electronic 

10communication that contains a promotion, inducement, or offer 

11to conduct an auction or offer to provide an auction service, 

12including but not limited to brochures, pamphlets, radio and 

13television scripts, telephone and direct mail solicitations, 

14electronic media, Internet online, and other means of 

15promotion.

16 "Advisory Board" or "Board" means the Auctioneer Advisory 

17Board.

18 "Auction" means the sale or lease of property, real or 

19personal, by means of exchanges between an auctioneer and 

20prospective purchasers or lessees, which consists of a series 

21of invitations or bids for offers made by the auctioneer to and 

22offers by prospective purchasers or lessees for the purpose of 

23obtaining an acceptable offer for the sale or lease of the 

SB2351 Enrolled- 2 -LRB104 05051 AAS 15079 b

1property, including the sale or lease of property via mail, 

2telecommunications, or the Internet online.

3 "Auction contract" means a written agreement between an 

4auctioneer or auction firm and a seller or sellers.

5 "Auction firm" means any corporation, partnership, or 

6limited liability company that acts as an auctioneer and 

7p