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§ 4-264-101 — Repurchase agreements prohibited

Municipal Code of Chicago (2026 S-74, current through Council Journal of June 17, 2026) · Municipal Code of Chicago § 4-264-101

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4-264-101 Repurchase agreements prohibited.

No secondhand dealer shall enter into any oral or written agreement or understanding with the seller of an item of merchandise, whereby the seller receives or retains a right to repurchase the item that is superior to the right of any other person willing to purchase such item. (Amend Coun. J. 2-26-97, p. 40141)