§ 324.050 Definitions
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Terms Used In Oregon Statutes > Chapter 324 > General Provisions

  • 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.
  • Department: means the Department of Revenue. See Oregon Statutes 324.050
  • Fiduciary: A trustee, executor, or administrator.
  • Gas: means natural gas and casinghead gas. See Oregon Statutes 324.050
  • Oil: means petroleum, crude oil, mineral oil and casinghead gas. See Oregon Statutes 324.050
  • 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.