Oregon Statutes 358.415 – Definitions for ORS 358.420 to 358.440
For the purposes of ORS § 358.420 to 358.440:
Terms Used In Oregon Statutes 358.415
- 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.
(1) ‘Loan,’ ‘loaned’ and ‘on loan’ include all deposits of property with a museum that are not accompanied by a transfer of title to the property.
(2) ‘Museum’ means an institution located in Oregon that:
(a) Is primarily educational, scientific or aesthetic in purpose;
(b) Owns, borrows or cares for, and studies, archives or exhibits property; and
(c) Is operated by a nonprofit corporation or public agency.
(3) ‘Property’ includes all tangible objects, animate and inanimate, under a museum’s care that have intrinsic value to science, history, art or culture, except that it does not include botanical or zoological specimens loaned to a museum for scientific research purposes. [1985 c.580 § 1; 2005 c.22 § 256]