Section 62.605 - Definitions for ORS 62.605 to 62.623As used in this section and ORS 62.607 to 62.623:
(1) "Business entity" means: (a) Any of the following for-profit entities: (A) A professional corporation organized under ORS chapter 58, predecessor law or comparable law of another jurisdiction;(B) A corporation organized under ORS chapter 60, predecessor law or comparable law of another jurisdiction;(C) A limited liability company organized under ORS chapter 63 or comparable law of another jurisdiction;(D) A partnership organized in Oregon after January 1, 1998, or that is registered as a limited liability partnership, or that has elected to be governed by ORS chapter 67, and a partnership governed by law of another jurisdiction that expressly provides for conversions and mergers; and(E) A limited partnership organized under ORS chapter 70, predecessor law or comparable law of another jurisdiction; and(b) A cooperative organized under this chapter, predecessor law or comparable law of another jurisdiction.(2) "Organizational document" means the following for an Oregon business entity or, for a foreign business entity, a document equivalent to the following: (a) In the case of a corporation, professional corporation or cooperative, articles of incorporation;(b) In the case of a limited liability company, articles of organization;(c) In the case of a partnership, a partnership agreement and, for a limited liability partnership, its registration; and(d) In the case of a limited partnership, a certificate of limited partnership.(3) "Owner" means a: (a) Shareholder of a corporation or of a professional corporation;(b) Member or shareholder of a cooperative;(c) Member of a limited liability company;(d) Partner of a partnership; and(e) General partner or limited partner of a limited partnership. 1957 c.716 §42; 1995 c.195 §38; 1999 c.362 §18; 2003 c. 80, § 17b