Oregon Statutes 9.705 – Definitions for ORS 9.705 to 9.757
Current as of: 2023 | Check for updates
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As used in ORS § 9.705 to 9.757:
Terms Used In Oregon Statutes 9.705
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) ‘Affected member’ means a member or former member of the Oregon State Bar whose law practice is placed within the jurisdiction of the court under ORS § 9.720 or as to whom a petition has been filed to place such law practice within the jurisdiction of the court under ORS § 9.715.
(2) ‘Law practice’ means a practice conducted by an individual, a partnership or a professional corporation. [1979 c.252 § 2; 1985 c.512 § 4; 1989 c.1052 § 15; 2015 c.6 § 1; 2023 c.72 § 20]