ORS 70.500: Definitions for ORS 70.500 to 70.540.

As used in ORS 70.500 to 70.540:

      (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 this chapter, predecessor law or comparable law of another jurisdiction; and

      (b) A cooperative organized under ORS chapter 62, 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.