(765 ILCS 101/Art. 25 heading)
Article 25.
Transition
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(765 ILCS 101/25-5)
Sec. 25-5.
Registrations under preceding Act.
All registrations of
developers, timeshare plans, acquisition agents, exchange companies, managing
agents, resale agents, and sales agents under the Illinois Real Estate
Time-share Act in effect on the effective date of this Act shall remain in full
force and effect after the effective date of this Act and be considered
registered under this Act.
The provisions of this Act, insofar as they are the same or substantially the
same as those of any prior law, shall be construed as a continuation of such
prior law and not as a new enactment. Any existing injunction or temporary
restraining order validly obtained under the Illinois Real Estate Time-share
Act which prohibits unregistered practice of timeshare developers, timeshare
plans, and their agents shall not be invalidated by the enactment of this Act
and shall continue to have full force and effect on and after the effective
date of this Act.
Any existing disciplinary action or investigation pursuant to a violation
under the Illinois Real Estate Time-share Act shall not be invalidated by the
enactment of this Act and shall continue to have full force and effect on and
after the effective date of this Act.
(Source: P.A. 91-585, eff. 1-1-00.)
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