Ill. Admin. Code tit. 92, § 1360.20 - Definitions

Current through Register Vol. 46, No. 15, April 8, 2022

"Addendum." A supplement to an existing lease.

"Authorized carrier." A person holding a motor carrier of property license from the Commission.

"Equipment." A motor vehicle, straight truck or tractor.

"Lease." A written document vesting possession, use, control and responsibility in the lessee during the periods the vehicle is operated by or for the lessee.

"Lessee." In a lease, the party acquiring the use of equipment, with or without driver, from another.

"Lessor." In a lease, the party granting the use of equipment, with or without driver, to another.

"Owner." A person

to whom title to equipment has been issued, or

who, without title, has the right to exclusive use of equipment for a period longer than 30 days, or

who has lawful possession of equipment, registered and licensed in any state in the name of that person.

"Permanent lease." A lease in which the authorized carrier acquires the use of equipment, with or without driver, from an owner for a period of 30 days or more.

"Shipper." A person who sends or receives property which is transported in intrastate commerce.

"Sublease." A written document in which the lessee grants the use of leased equipment, with or without driver.

"Trip lease." A lease in which the authorized carrier acquires the use of equipment, with or without driver, from an owner for a period of time less than 30 days.

Notes

Ill. Admin. Code tit. 92, § 1360.20

Amended at 11 Ill. Reg. 16447, effective October 1, 1987

The following state regulations pages link to this page.



State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.