(1)
- (a)The securities listed in ORS 59.025 are exempt from registration or notice filing requirements. Sales of securities listed in 59.025 may only be effected through licensed persons, unless a person is otherwise exempted by statute or rule. Except as provided in subsection (b) no filing or fee is required to utilize any registration exemption in 59.025.
- (b) A renewable energy cooperative corporation must file with the director the information required under OAR 441-025-0125 in order to rely upon the exemption provided in ORS 59.025(12).
- (2) Persons relying on exemptions from registration have the burden of proof, pursuant to ORS 59.275, in establishing the availability of an exemption.
Statutory/Other Authority
ORS 59.285
Statutes/Other Implemented
ORS 59.025, 59.195 & 59.275
History
FSR 2-2017, f. 1-31-17, cert. ef. 2-1-17
FCS 7-2000, f. & cert. ef. 6-2-00