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815-ilcs-407•Sale or Pledge of Goods by Minors Act (815 ILCS 407/)
815-ilcs-407815 ILCS 407Code01.01.1900
Chapter 815 — Business Transactions
Transactions
This text is maintained by the Legislative Reference Bureau for legislative drafting purposes and is NOT the official text of the Illinois Compiled Statutes; the only official copy is the printed copy maintained by the Secretary of State.
This Act may be cited as the Sale or Pledge of Goods by Minors Act.
(Source: P.A. 86-1324.)
It shall be unlawful for any junk dealer, pawn broker, or any second hand dealer, either directly or indirectly, to purchase or receive by way of barter or exchange, or otherwise, anything of value, or to receive on deposit or pledge anything of value, as security for a loan of money, from any person, either male or female, under the age of their legal majorities respectively.
(Source: Laws 1911, p. 294.)
Any person violating the provisions of section 1 of this act shall, upon conviction, be guilty of a petty offense.
(Source: P.A. 77-2352.)
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