Oregon Revised Statutes Chapter 701 § 701.094 — Definition for ORS 701.098 and 701.102; rules
Oregon Revised Statutes Chapter 701 ·
Oregon Code § 701.094·Enacted ·Last updated March 01, 2026
Statute Text
Definition for ORS 701.098 and 701.102; rules.
(1) As used in ORS 701.098 and
701.102, owner means:
(a) A sole
proprietor of, partner in or holder of a controlling interest in a business; or
(b) A person
defined as an owner by Construction Contractors Board rule.
(2) The board
shall adopt rules defining an owner for purposes of subsection (1) of this
section. The rules may not define an owner in a manner that includes an
investor who has no right to manage a business, including but not limited to:
(a) A person who
is solely a minority shareholder in a corporation;
(b) A member of a
manager-managed limited liability company; or
(c) A limited
partner in a limited partnership who does not participate in the control of the
business of the limited partnership. [Formerly 701.077]
Plain English Explanation
This Oregon statute addresses Definition for ORS 701.098 and 701.102; rules. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 701.094
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Definition for ORS 701.098 and 701.102; rules. Read the full statute text above for details.
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