Oregon Statutes 112.800 – Definition for ORS 112.800 to 112.830
Current as of: 2023 | Check for updates
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As used in ORS § 112.800 to 112.830, unless the context requires otherwise, ‘person’ means a natural person, a partnership, a corporation, a bank, a trust company and any other organization or legal entity. [1989 c.770 § 1]
Terms Used In Oregon Statutes 112.800
- 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.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
112.800 to 112.830 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS Chapter 112 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.