Terms Used In Oregon Statutes > Chapter 353 > Board of Directors

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Board: means the Oregon Health and Science University Board of Directors established under ORS § 353. See Oregon Statutes 353.010
• 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.
• Ex officio: Literally, by virtue of one's office.
• Executive session: A portion of the Senate's daily session in which it considers executive business.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Oregon Health and Science University: means the Oregon Health and Science University public corporation created under ORS § 353. See Oregon Statutes 353.010
• 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.
• Personal property: All property that is not real property.
• Quorum: The number of legislators that must be present to do business.
• United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100