Oregon Statutes 744.333 – Individual acting as provider under license of firm or corporation
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An individual may act as a life settlement provider under the authority of the license of a firm or corporate life settlement provider, whether or not the individual holds a license as a life settlement provider, if:
Terms Used In Oregon Statutes 744.333
- 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.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) The individual is a member or employee of the firm or is an employee, officer or director of the corporation; and
(2) The individual is designated by the firm or corporation on its license application or on an amendatory or supplementary form thereto as authorized to act as a life settlement provider under the authority of the license. [1995 c.342 § 8]
[1967 c.359 § 551; 1981 c.455 § 2; repealed by 1987 c.774 § 154]