TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1210 COLLECTION AGENCY ACT
SECTION 1210.20 OFFICER
Section 1210.20 Officer
a) If the agency is an association or a sole proprietorship, the owner of the agency or any person exercising managerial control shall be considered an officer.
b) If the agency is a partnership, any partner who has at least 10% ownership interest or any partner who exercises managerial control shall be considered an officer.
c) If the agency is a corporation, any officer of the corporation or director or any person who has at least l0% ownership interest in such corporation or who exercises managerial control shall be considered an officer.
(Source: Amended at 17 Ill. Reg. 1535, effective January 25, 1993)