Oregon Statutes > Chapter 324 > General Provisions
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| § 324.050 | Definitions |
Terms Used In Oregon Statutes > Chapter 324 > General Provisions
- 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.
- Department: means the Department of Revenue. See Oregon Statutes 324.050
- Fiduciary: A trustee, executor, or administrator.
- Gas: means natural gas and casinghead gas. See Oregon Statutes 324.050
- Oil: means petroleum, crude oil, mineral oil and casinghead gas. See Oregon Statutes 324.050
- 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.
- Trustee: A person or institution holding and administering property in trust.