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Code · Illinois · Chapter 815 — BUSINESS TRANSACTIONS · Act 412

Sec. 15. Notice of sale of a local news organization.

71 words·~1 min read·/il/chapter-815/act-412/15

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Sec. 15. Notice of sale of a local news organization. A local news organization shall not be sold to a company without giving written notice 120 days before the sales occurs to the following:
(1)affected employees and representatives of affected employees;
(2)the Department and the county government in which the local news organization is
located; and
(3)any in-State nonprofit organization in the business of buying local news
organizations.
★   the supreme law of the land   ★
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