Auction firm

(225 ILCS 407/15-25)     (Section scheduled to be repealed on January 1, 2030)     Sec. 15-25. Auction firm. No corporation, limited liability company, or partnership shall be licensed as an auction firm without being managed by a licensed auctioneer. The auction firm and managing auctioneer of the auction firm shall be responsible for the actions of all licensed and unlicensed employees, agents, and representatives of said auction firm while the firm conducts auctions or provides auction services. (Source: P.A. 104-746, eff. 7-31-26.)