Sec. 60. Securities Registration Exemption.
55 words·~1 min read·
/il/chapter-110/act-979/60A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 60. Securities Registration Exemption. Illinois prepaid tuition contracts shall be exempt from registration under the Illinois Securities Law of 1953. However no contract may be sold or otherwise transferred by the purchaser or qualified beneficiary without the prior approval of the Commission, except in accordance with the terms explicitly set forth in the contract.