Illinois Code § 225 ILCS 655/16

Each registrant shall, before the close of the next business day
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following the day of the purchase of livestock and the determination of the
amount of the purchase price, transmit or deliver to the seller, or his
duly authorized agent, the full amount of the purchase price, unless
otherwise expressly agreed between the parties before the purchase of the
livestock. Any such agreement shall be disclosed in the purchaser's records
and on the accountings or other documents issued by the purchaser relating
to the transaction.

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