Oregon Statutes 772.610 – Definitions for ORS 772.610 to 772.625
As used in ORS § 772.610 to 772.625, unless the context otherwise requires:
Terms Used In Oregon Statutes 772.610
- 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.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) ‘Natural gas company’ means every corporation, company, association, joint stock association, partnership or person authorized to do business in this state and engaged in the transportation, distribution or underground storage of natural gas.
(2) ‘Pipeline’ has the meaning given that term in ORS § 772.505 (1).
(3) ‘Underground reservoir’ means any subsurface sand, strata, formation, aquifer, cavern or void whether natural or artificially created, suitable for the injection and storage of natural gas therein and the withdrawal of natural gas therefrom, but excluding a ‘pool.’
(4) ‘Underground storage’ means the process of injecting and storing natural gas within and withdrawing natural gas from an underground reservoir. [1977 c.296 § 8; 1989 c.821 § 5]