Section 900.20  Definitions

For purposes of this Part:

            "Board" means the State Banking Board of Illinois.

            "Commissioner" means the Commissioner of Banks and Real Estate or a person authorized by the Commissioner to act on behalf of the Commissioner.

            "Corporate Fiduciary" shall have the meaning ascribed to it in the Corporate Fiduciary Act [205 ILCS 620].

            "Hearing Officer" means an attorney actively licensed in the State of Illinois who is the presiding official appointed by the Board to conduct a hearing.

            "Holding Company" shall have the meaning ascribed to it in the Illinois Bank Holding Company Act of 1957 [205 ILCS 10].

            "Order" means an Order of Removal or an Order of Prohibition pursuant to Section 48(7) of the Illinois Banking Act [205 ILCS 5/48(7)], Section 3.074(b) of the Illinois Bank Holding Company Act [205 ILCS 10/3.074(b)], and Section 5-6 of the Corporate Fiduciary Act [205 ILCS 620/5-6].

            "Out-of-state bank" means a bank chartered under the laws of a state other than Illinois, a territory of the United States, or the District of Columbia.

            "Party" includes:

the Commissioner;

any person named in an Order; and

after the date of a Ruling permitting a party to intervene, any of the following affected by the Order:

a State bank;

a branch of an out-of-state bank;

a corporate fiduciary; or

a subsidiary, parent company or holding company of the State bank, branch of the out-of-state bank, or corporate fiduciary.

            "Person" means any director, officer, employee or agent of a foreign bank, State bank, branch of an out-of-state bank, corporate fiduciary or subsidiary, parent company, or holding company of a State bank, branch of an out-of-state bank, or corporate fiduciary.

            "Respondent" means the persons named in the Order.

            "Ruling" means a direction of the Board or its duly appointed hearing officer made or entered in writing and not included in a judgment.

(Source:  Amended at 28 Ill. Reg. 2670, effective January 30, 2004)