Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 396 - CORPORATE FIDUCIARY APPLICATIONS AND NOTICES
Subpart A - GENERAL PROVISIONS
Section 396.10 - Definitions
Universal Citation: 38 IL Admin Code ยง 396.10
Current through Register Vol. 48, No. 12, March 22, 2024
"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.
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