Oregon Statutes 320.005 – Definitions for ORS 320.005 to 320.150
As used in ORS § 320.005 to 320.150, unless the context requires otherwise:
Terms Used In Oregon Statutes 320.005
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- 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.
- 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.
- Trustee: A person or institution holding and administering property in trust.
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(1) ‘Amusement device’ means a video lottery game terminal, including but not limited to any electronic, mechanical-electronic or nonmechanical device that:
(a) Displays a ticket through the use of a video display screen;
(b) Is available for consumer play upon the payment of consideration;
(c) Determines winners through the element of chance; and
(d) Displays possible prizes on the device.
(2) ‘Department’ means the Department of Revenue.
(3) ‘Net receipts’ has the meaning given the term ‘net receipts from video lottery games’ under ORS § 461.547.
(4) ‘Operate’ means to make an amusement device available for use by the public for gain, benefit or advantage.
(5)(a) ‘Person’ means every individual, partnership (limited or not), corporation (for-profit or not-for-profit), company, cooperative, joint stock company, joint venture, firm, business trust, association, organization, institution, club, society, receiver, assignee, trustee in bankruptcy, auctioneer, syndicate, trust, trustee, estate, personal representative or any group of individuals acting as a unit, whether mutual, cooperative, fraternal, nonprofit or otherwise.
(b) ‘Person’ includes this or another state, a municipal corporation, quasi-municipal corporation or political subdivision of this or another state, and the agencies, departments and institutions of this or another state, irrespective of the nature of the activities engaged in or functions performed, but does not include the United States or a foreign government or any agency, department or instrumentality of the United States or of any foreign government.
(6) ‘Tax year’ means a period of 12 months beginning July 1 and ending the following June 30. [1957 c.384 § 2; 1975 c.651 § 1; 1985 c.476 § 1; 1991 c.459 § 267; 1993 c.803 § 1; 1999 c.501 § 1; 2005 c.94 § 91]
[Amended by 1955 c.574 § 1; 1957 c.384 § 3; 1959 c.155 § 1; 1967 c.344 § 7; 1975 c.651 § 2; 1981 c.677 § 2; 1989 c.786 § 1; repealed by 1991 c.459 § 268 (320.011 enacted in lieu of 320.010)]