Oregon Statutes 293.812 – Definitions for ORS 293.811 to 293.832
As used in ORS § 293.811 to 293.832:
Terms Used In Oregon Statutes 293.812
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
(1) ‘Company’ means any sole proprietorship, organization, firm, association, corporation, utility, partnership, venture, public franchise, franchisor, franchisee or its wholly owned subsidiary that exists for profit-making purposes or otherwise to secure economic advantage.
(2) ‘Fund of funds’ means investment funds that function by secondary investment in a portfolio of other investments, including investment funds.
(3) ‘Index funds’ means pooled investments that are passively managed with an intent to match or track the performance of a market index.
(4) ‘Invest’ means to commit funds or other assets to a company. ‘Invest’ includes making a loan or other extension of credit to a company, or owning or controlling a share or interest in a company or a bond or other debt instrument issued by a company.
(5) ‘Investment’ means the commitment of funds or other assets to a company for an interest in the company. ‘Investment’ includes the ownership or control of a share or interest in a company or of a bond or other debt instrument issued by a company.
(6) ‘Scrutinized company’ means any company that currently has an investment, in the Sudan, from which federal law specifically allows public pension plans to divest.
(7) ‘Sudan’ means the Republic of the Sudan and any territory under the administration, legal or illegal, of Sudan, including but not limited to the Darfur region. [2005 c.774 § 3; 2013 c.722 § 67]