92 Ill. Adm. Code 1360.20

Definitions

Last amended: 1987Year: 2026Length: 233 wordsOfficial source
Section 1360 Section 1360.20  Definitions "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.
92 Ill. Adm. Code 1360.20: Definitions | Justis AI