2011 ORS § 733.530¹

Corporation, sovereign, political subdivision defined

As used in ORS 733.510 (Investments of insurers) to 733.780 (Prohibited investments):

(1) Corporation means a corporation, joint stock association or business trust organized and existing under the laws of a sovereign.

(2) Sovereign means the United States, or a state, or Canada or a province thereof.

(3) Political subdivision means an incorporated county, city, town, village, municipality, or subdivision thereof, or a public corporation, district, agency, commission, authority or instrumentality, or subdivision thereof. [1967 c.359 §231]