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Illinois Statutes Chapter 815. Business Transactions § 325/4.2. Purchases of HVAC recyclable metal

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 4.2. Purchases of HVAC recyclable metal. A recyclable metal dealer shall not pay cash in payment for any air conditioner evaporator coil or condenser having a value of $100 or more. Payment for these materials must be made as follows:

(1) by check or money order;

(2) the payee on the check or money order shall be the same person as the seller who conducted the transaction;

(3) if the seller is a business, then the recyclable metal dealer shall make the check or money order payable to the company, and not to any individual employee or agent of the company.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 815. Business Transactions § 325/4.2. Purchases of HVAC recyclable metal - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-815-business-transactions/il-st-sect-815-325-4-2/

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