Oregon Statutes 305.494 – When shareholder may represent corporation in tax court proceedings
Notwithstanding ORS § 9.320, any shareholder of an S corporation as defined in section 1361 of the Internal Revenue Code, as amended and in effect on December 31, 2022, may represent the corporation in any proceeding before the Oregon Tax Court in the same manner as if the shareholder were a partner and the S corporation were a partnership. [Formerly 305.510; 1997 c.839 § 42; 1999 c.90 § 29; 2001 c.660 § 24; 2003 c.77 § 2; 2005 c.832 § 14; 2007 c.614 § 2; 2008 c.45 § 2; 2009 c.5 § 12; 2009 c.909 § 12; 2010 c.82 § 12; 2011 c.7 § 12; 2012 c.31 § 12; 2013 c.377 § 12; 2014 c.52 § 12; 2015 c.442 § 12; 2016 c.33 § 13; 2017 c.527 § 14; 2018 c.101 § 14; 2019 c.319 § 14; 2021 c.456 § 15; 2022 c.83 § 15; 2023 c.171 § 15]
Terms Used In Oregon Statutes 305.494
- 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.
[1961 c.533 § 18; 1989 c.980 § 12; renumbered 305.492 in 1995]
(Magistrate Division)