Oregon Statutes 205.010 – Definitions
(1) As used in the statutes of this state in reference to a chattel mortgage and action by the appropriate recording officer, ‘record,’ ‘recorded’ and ‘recording’ mean ‘record or file,’ ‘recorded or filed’ or ‘recording or filing,’ as the context requires.
Terms Used In Oregon Statutes 205.010
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) As used in this chapter:
(a) ‘Person’ means an individual, organization, corporation, government, governmental subdivision or agency, business trust, partnership or association, two or more persons having a joint or common interest or any other legal or commercial entity.
(b) ‘Text’ includes the words contained in the body of an instrument to be recorded and the names of the transactions contained in the instrument. The term does not include instructions for completing the instrument, form numbers or statutory references.
(c) ‘Transaction’ means an action, including but not limited to a transfer, encumbrance or release affecting title to or an interest in real property, that is required or permitted by state law or rule or federal law or regulation to be recorded. [Amended by 1991 c.230 § 10; 1993 c.321 § 1; 2001 c.713 § 1; 2005 c.82 § 1; 2009 c.294 § 17]
POWERS AND DUTIES