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2017 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 063 - Limited Liability Companies
Section 63.002 - Inclusion of limited liability companies and managers and members of limited liability companies in definitions.
Universal Citation: OR Rev Stat § 63.002 (2017)
Unless the context otherwise requires, throughout Oregon Revised Statutes:
(1) Wherever the term "person" is defined to include both a corporation and a partnership, the term "person" shall also include a limited liability company.
(2) Wherever a section of Oregon Revised Statutes applies to both "partners" and "directors," the section shall also apply:
(a) In a limited liability company with one or more managers, to the managers of the limited liability company.
(b) In a limited liability company without managers, to the members of the limited liability company.
(3) Wherever a section of Oregon Revised Statutes applies to both "partners" and "shareholders," the section shall also apply to members of a limited liability company. [1995 c.93 §25]
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