ILCS » Chapter 815 · Act 350
Illinois Compiled Statutes

815 ILCS 350/2 (2026)

Definitions

✓ current as of May 2026
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(815 ILCS 350/2) (from Ch. 121 1/2, par. 157.2)
    Sec. 2. Definitions.
    In this Act, unless the context or subject matter otherwise requires:
    A "going out of business sale" means any sale, whether described by such name or by any other name (such as, but not limited to, "closing out sale", "liquidation sale", "lost our lease sale", "forced to vacate sale"), held in such a manner as to induce a belief that upon disposal of the stock of goods on hand, the business will cease and be discontinued at the premises where the sale is conducted.
    "Goods" includes all goods, wares, merchandise and other personal property, excepting choses in action and money.
    "Person" includes a person, firm, corporation, partnership, association or two or more persons having a joint or common interest.
    A "removal sale" means any sale held in such a manner as to induce a belief that upon disposal of the stock of goods on hand, the business will cease and be discontinued at the premises where the sale is conducted, and thereafter will be moved to and occupy another location.
(Source: Laws 1959, p. 2228.)

    
Notes of Decisions
Cited in 2 cases, 2010–2010 · leading case: Fandel v. Allen, 937 N.E.2d 1124 (Ill. App. Ct. 2010).
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Fandel v. Allen, 937 N.E.2d 1124 (Ill. App. Ct. 2010). · cites it 2× “815 ILCS 135/6 (West 2006)); Credit Card Issuance Act (815 ILCS 140/8 (West 2006)); Unsolicited Credit Card Act of 1977 (815 ILCS 150/4 (West 2006)); Copper Purchase Registration Law (815 ILCS 325/8 (West 2006)); Fraudulent Sales Act (815 ILCS 350/11 (West 2006)) (created to…”
Fandel v. Allen (Ill. App. Ct. 2010). “(815 ILCS 135/6 (West 2006)); Credit Card Issuance Act (815 ILCS 140/8 (West 2006)); Unsolicited Credit Card Act of 1977 (815 ILCS 150/4 (West 2006)); Copper Purchase Registration Law (815 ILCS 325/8 (West 2006)); Fraudulent Sales Act (815 ILCS 350/11 (West 2006) (created to…”
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