{"data":{"id":"us-il/815-ilcs-5-2.5","jurisdiction":"us-il","citation":"815 ILCS 5/2.5","heading":"","body":"\"Sale\" or \"sell\" shall have the full meaning of that term as applied by or accepted in the courts of this State, and shall include every contract of sale or disposition of a security or interest in a security for value. Any security given with or as a bonus on account of any purchase of securities or property shall be conclusively presumed to constitute a part of the subject of such purchase and shall be deemed to have been sold within the meaning of this Section. A privilege to convert a security into another security shall not be deemed a sale of such other security, provided no consideration from the holder in addition to the surrender or cancellation of the convertible security is required to effect the conversion.","path":["CHAPTER 815 BUSINESS TRANSACTIONS","Illinois Securities Law of 1953."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2304\u0026ChapterID=67\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"655c8a2c82892c10bbe96119bed2c9a54373713ac810cb466ccf5bb4cf964e71","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-5-2.4","next":"us-il/815-ilcs-5-2.5a"},"notice":"GroundRules: Original legal text. Not legal advice."}