ORS 60.470 Definitions for ORS 60.470 to 60.501

As used in ORS 60.470 to 60.501:

“Business entity” means:

Any of the following for-profit entities:

A professional corporation organized under ORS chapter 58, predecessor law or comparable law of another jurisdiction;

A corporation organized under this chapter, predecessor law or comparable law of another jurisdiction;

A limited liability company organized under ORS chapter 63 or comparable law of another jurisdiction;

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

A limited partnership organized under ORS chapter 70, predecessor law or comparable law of another jurisdiction; and

A cooperative organized under ORS chapter 62, predecessor law or comparable law of another jurisdiction.

“Organizational document” means the following for an Oregon business entity or, for a foreign business entity, a document equivalent to the following:

In the case of a corporation, professional corporation or cooperative, articles of incorporation;

In the case of a limited liability company, articles of organization;

In the case of a partnership, a partnership agreement and, for a limited liability partnership, its registration; and

In the case of a limited partnership, a certificate of limited partnership.

“Owner” means a:

Shareholder of a corporation or of a professional corporation;

Member or shareholder of a cooperative;

Member of a limited liability company;

Partner of a partnership; and

General partner or limited partner of a limited partnership.