1. a) The lessor owns the equipment or has possession and control of the equipment under a lease of 30 days or more;
2. b) The lessee exercises exclusive supervision and control of the equipment while it is operated under lessee's license; and
3. c) All other requirements of this Part are complied with.

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

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