Oregon Statutes 56.200 – Definitions for ORS 56.200 to 56.209
Current as of: 2023 | Check for updates
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As used in ORS § 56.200 to 56.209:
Terms Used In Oregon Statutes 56.200
- 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.
- executive department: means all statewide elected officers other than judges, and all boards, commissions, departments, divisions and other entities, without regard to the designation given to those entities, that are within the executive branch of government as described in Article III, section 1, of the Oregon Constitution, and that are not:
(a) In the judicial department or the legislative department;
(b) Local governments; or
(c) Special government bodies. See Oregon Statutes 174.112
- 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) ‘Business’ means any corporation, partnership, company, cooperative, sole proprietorship or other legal entity organized or operating for pecuniary or nonpecuniary gain.
(2) ‘Local government’ has the meaning given that term in ORS § 174.116.
(3) ‘Small business’ means a prospective, new or established business with 100 or fewer employees that is or will be located in Oregon.
(4) ‘State agency’ means an agency of the executive department, as defined in ORS § 174.112. [2013 c.699 § 2; 2016 c.25 § 1]