Person’ means an individual or a business entity. For the purpose of this definition, ‘business entity’ means a corporation, association, partnership, limited liability company, limited liability partnership or other legal entity. [1967 c.359 § 24; 1983 c.327 § 12; 2001 c.191 § 21]

Terms Used In Oregon Statutes 731.116

  • 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.

 

[Repealed by 1965 c.241 § 3]

 

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