Oregon Statutes 459A.555 – Definitions for ORS 459A.552 to 459A.599
As used in ORS § 459A.552 to 459A.599 unless the context requires otherwise:
Terms Used In Oregon Statutes 459A.555
- 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.
(1) ‘Commission’ means the Environmental Quality Commission.
(2) ‘Department’ means the Department of Environmental Quality.
(3) ‘Recycle’ means to prepare used oil for reuse as a petroleum product by refining, rerefining, reclaiming, reprocessing or other means or to use used oil in a manner that substitutes for a petroleum product made from new oil, provided that the preparation or use is operationally safe, environmentally sound and complies with all laws and regulations.
(4) ‘Person’ means any individual, private or public corporation, partnership, cooperative association, estate, municipality, political or jurisdictional subdivision or governmental agency or instrumentality.
(5) ‘Used oil’ means a petroleum-based oil which through use, storage or handling has become unsuitable for its original purpose due to the presence of impurities or loss of original properties. [Formerly 468.850]
See note under 459A.552.