(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]
Section: Previous 701.078 701.080 701.081 701.084 701.085 701.088 701.091 701.094 701.095 701.098 701.100 701.102 701.103 701.105 701.106 NextLast modified: August 7, 2008