{"data":{"id":"us-il/805-ilcs-317-70","jurisdiction":"us-il","citation":"805 ILCS 317/70","heading":"Exemption from securities laws.","body":"Any interest, patronage refund, per unit retain certificate, or evidence of membership issued or sold by a limited worker cooperative association is exempt from the registration requirements of the Illinois Securities Law of 1953. Such interests, patronage refunds, per unit retain certificates, or evidence of membership may be sold lawfully by the issuer or its members or salaried employees without the necessity of being registered as a broker or dealer under the Illinois Securities Law of 1953.","path":["CHAPTER 805 BUSINESS ORGANIZATIONS","Limited Worker Cooperative Association Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4016\u0026ChapterID=65\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"a72955d93543d0f5ebdf1a677a6aa394c1981872e2f1d46207b24a6e95f353ae","source_id":"us-il","stale":false,"prev":"us-il/805-ilcs-317-65","next":"us-il/805-ilcs-317-90"},"notice":"GroundRules: Original legal text. Not legal advice."}