TITLE 92: TRANSPORTATION
CHAPTER III: ILLINOIS COMMERCE COMMISSION
SUBCHAPTER b: MOTOR CARRIERS OF PROPERTY
PART 1360 EQUIPMENT LEASES
SECTION 1360.65 ADDITIONAL REQUIREMENTS FOR TRIP LEASES BETWEEN AUTHORIZED CARRIERS


 

Section 1360.65  Additional Requirements for Trip Leases Between Authorized Carriers

 

Authorized carriers are permitted to trip lease equipment to or from other authorized carriers only if:

a)         The lessor owns the equipment or has possession and control of the equipment under a lease of 30 days or more;

b)         The lessee exercises exclusive supervision and control of the equipment while it is operated under lessee's license; and

c)         All other requirements of this Part are complied with.

 

(Source:  Added at 11 Ill. Reg. 16447, effective October 1, 1987)