Terms Used In Oregon Statutes > Chapter 748 > Enforcement

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Certificate: means the document issued as written evidence of the benefit contract. See Oregon Statutes 748.103
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Impaired: means either:

  (a) For a society that does not write variable contracts, whenever its assets are less than its total liabilities; or

  (b) For a society that does write variable contracts, whenever its assets are less than its total liabilities, plus the required surplus for a mutual life insurer to write such contracts. See Oregon Statutes 748.103

• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• Laws: means the society's articles of incorporation, constitution and bylaws, however designated. See Oregon Statutes 748.103
• Lodge: means subordinate member units of the society, known as camps, courts, councils, branches or by any other designation. See Oregon Statutes 748.103
• Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
• Society: means fraternal benefit society, unless otherwise indicated. See Oregon Statutes 748.103