(815 ILCS 350/5) (from Ch. 121 1/2, par. 157.5)
Sec. 5.
Issuance of license-Restrictions.
The clerk, upon receipt of an application giving fully and completely
the information under oath as required by section 4 above and upon receipt
of the fee hereinafter provided for, shall issue a license to the applicant
therefor, authorizing such applicant to advertise, represent, and to sell
the particular goods so inventoried at the time and place stated in the
application and in accordance with the provisions of this Act. The license
shall be issued in duplicate and shall bear a number and date of its
expiration. A license issued under this Act shall be granted and valid only
for the sale of the inventoried goods which are the property of the
licensee. Such license shall apply only to the premises specified in the
application, and it may not be transferred or assigned. If a licensee under
this Act is engaged in business in other locations, advertising or offering
of goods on behalf of such locations shall not represent or imply any
participation in or cooperation with the sale on the premises specified in
the license, nor shall any advertising or any other offering of goods on
behalf of the premises where the licensed sale is being conducted represent
or imply any participation in or cooperation with such sale at other
locations.
No license under this Act shall be issued to any person:
(a) to conduct a sale in the trade name or style of a person in whose
goods the applicant for the license has acquired a right or title thereto
within 6 months prior to the time of making application for such a license;
(b) to continue a sale in the name of a licensee under this Act in whose
goods such person acquired a right or title while such a sale is in
progress; or
(c) to conduct a sale, other than an insurance sale, a salvage sale or a
sale of damaged goods, on the same premises within one year from the
conclusion of a prior sale of the nature covered by this Act.
The previous sentence, including subparts (a), (b) and (c) thereof,
shall not apply to any person who acquired a right, title or interest in
goods as an heir, legatee or pursuant to an order or process of
a court of competent jurisdiction.
(Source: P.A. 84-549.)
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