Ill. Admin. Code tit. 41 § 121.20

Current through Register Vol. 48, No. 45, November 8, 2024

Section 121.20 - Officer

a) If the organization is a sole proprietorship, the owner of the organization or any person exercising managerial control shall be considered an officer.

b) If the organization 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 organization is a corporation, any officer or director of the corporation or any person who has at least 10% ownership interest in the corporation or who exercises managerial control shall be considered an officer.

Ill. Admin. Code tit. 41, § 121.20

Amended at 35 Ill. Reg. 9050, effective July 1, 2011