Section 63.002 – Inclusion of limited liability companies and managers and members of limited liability companies in definitions.

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]