Oregon Statutes > Chapter 359 > Arts Commission; Arts Program
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Terms Used In Oregon Statutes > Chapter 359 > Arts Commission; Arts Program
- Any other state: includes any state and the District of Columbia. See Oregon Statutes 174.100
- Bequest: Property gifted by will.
- 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.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Quorum: The number of legislators that must be present to do business.
- Statute: A law passed by a legislature.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC