Terms Used In Oregon Statutes > Chapter 748 > Exemptions; Relation to Other Law

• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Certificate: means the document issued as written evidence of the benefit contract. See Oregon Statutes 748.103
• City: includes any incorporated village or town. See Oregon Statutes 174.100
• 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.
• Laws: means the society's articles of incorporation, constitution and bylaws, however designated. See Oregon Statutes 748.103
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
• Society: means fraternal benefit society, unless otherwise indicated. See Oregon Statutes 748.103
• United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100