Oregon Revised Statutes Chapter 78 § 78.1020 — Definitions and index of definitions

Definitions and index of definitions. (1) In this chapter: (a) “Adverse claim” means a claim in which a claimant who has a property interest in a financial asset asserts that it is a violation of the rights of the claimant for another person to hold, transfer or deal with the financial asset. (b) “Bearer form,” as applied to a certificated security, means a form in which the security is payable to the bearer of the security certificate according to its terms but not by reason of an indorsement. (c) “Broker” means a person defined as a broker or dealer under the federal securities laws, but does not exclude a bank acting in that capacity. (d) “Certificated security” means a security that is represented by a certificate. (e) “Clearing corporation” means: (A) A person that is registered as a clearing agency under the federal securities laws; (B) A federal reserve bank; or (C) Any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws but for an exclusion or exemption from the registration requirement, if its activities as a clearing corporation, including promulgation of rules, are subject to regulation by a federal or state governmental authority. (f) “Communicate” means to: (A) Send a signed record; or (B) Transmit information by any mechanism agreed upon by the persons transmitting and receiving the information. (g) “Entitlement holder” means a person identified in the records of a securities intermediary as the person having a security entitlement against the securities intermediary. If a person acquires a security entitlement by virtue of ORS