Oregon Statutes 318.040 – Exempt corporations
In addition to the corporations exempt from the provisions of this chapter by the incorporation in this chapter of ORS § 317.080, there shall also be exempt those foreign corporations whose activities in this state are confined to purchases of personal property, and the storage thereof incident to shipment outside the state, unless such foreign corporation is an affiliate of another foreign or domestic corporation which is doing business in Oregon or is subject to this chapter. Whether or not corporations are affiliated shall be determined as provided in section 1504 of the Internal Revenue Code. [1955 c.334 § 4; 1977 c.866 § 7; 1984 c.1 § 14; 1985 c.802 § 34]
Terms Used In Oregon Statutes 318.040
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Personal property: All property that is not real property.
[1957 s.s. c.15 14,15; 1971 c.724 § 2; 1977 c.89 § 2; repealed by 1983 c.162 § 57]
[1957 s.s. c.15 16,17; 1959 c.92 § 3; repealed by 1983 c.162 § 57]
[1965 c.178 § 6; repealed by 1983 c.162 § 57]
[1955 c.334 § 6; repealed by 1977 c.866 § 9]