Sec. 10.70. Holder.
76 words·~1 min read·
/il/chapter-815/act-636/10-70A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 10.70. Holder. The lessor or owner of a vehicle under or subject to a consumer lease and if ownership of the consumer lease is acquired by an assignee, the assignee for the period of the assignee's ownership. The term holder does not include a pledgee of a consumer lease to secure a bona fide obligation secured by the consumer lease or the owner or beneficiary of an interest in a trust that owns consumer leases.