Oregon Statutes > Chapter 314 > Liability of Transferee or Owner of Trust
Current as of: 2023 | Check for updates
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Other versions
§ 314.310 | Liability of transferee of taxpayer for taxes imposed on taxpayer |
§ 314.330 | Lien if grantor or other person determined to be owner of trust |
Terms Used In Oregon Statutes > Chapter 314 > Liability of Transferee or Owner of Trust
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- 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.
- Donee: The recipient of a gift.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Fiduciary: A trustee, executor, or administrator.
- Grantor: The person who establishes a trust and places property into it.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Legatee: A beneficiary of a decedent
- Lien: A claim against real or personal property in satisfaction of a debt.