225 ILCS 407/10-20: Requirements for auction firm license; application.

(Section scheduled to be repealed on January 1, 2030)

Any corporation, limited liability company, or partnership who desires to obtain an auction firm license shall:

(1) apply to the Department on forms provided by the Department accompanied by the required fee;

(2) provide evidence to the Department that the auction firm has a properly licensed managing auctioneer; and

(3) any requirement as defined by rule.