Ill. Admin. Code tit. 38 § 396.10

Current through Register Vol. 48, No. 50, December 13, 2024
Section 396.10 - Definitions

"Commissioner" means the Secretary of the Department of Financial and Professional Regulation.

"Corporate fiduciary" shall have the meaning ascribed to it in Section 1-5.05 of the Corporate Fiduciary Act [205 ILCS 620].

"Corporate fiduciary subsidiary" means a subsidiary of a corporation organized for the purposes of accepting and executing trusts which has received a Certificate of Authority from the Commissioner to accept and execute trusts, but shall not include a state bank, a state savings and loan association, a state savings bank or any subsidiary thereof.

Ill. Admin. Code tit. 38, § 396.10

Amended at 20 Ill. Reg. 10825, effective August 1, 1996

Amended at 44 Ill. Reg. 6272, effective 4/24/2020