§1535.1. Timber Buyer's License

a)         All timber buyers, as defined by the Illinois Timber Buyers Licensing Act [225 ILCS 735/2] , shall obtain a license from the Department before engaging in the business of timber buying.  Application for such license shall be filed on forms provided by the Department and shall contain the following minimum information:

 

1)         Name of applicant;

 

2)         Principal officers if applicant is a corporation or the partners if applicant is a partnership;

 

3)         Location of the principal office or place of business of the applicant;

 

4)         The counties in which the applicant proposes to engage in the business of timber buyer;

 

5)         The names and addresses of any persons authorized to purchase timber in the name of the licensed buyer;

 

6)         Type and amount of bond; and

 

7)         Any other information as required by the Department.

 

b)           Only persons listed with the Department as authorized buyers may represent the licensee.  Authorized  buyers shall designate in all contractual arrangements that the licensee is the timber buyer.  Failure to comply with this provision shall constitute "buying timber without a timber buyer's license".  Authorized buyers may only be listed on one license.  To be eligible to hold a timber buyer's license, the applicant must be at least 18 years of age.

 

(Source:  Amended at 27 Ill. Reg. 7761, effective April 21, 2003)