1. (1) As used in ORS 645.020, an instrument evidencing receipt of precious metals must comply with ORS Chapter 77 (Warehouse Receipts, Bills of Lading and Other Documents of Title).

2. (2) In addition to stating the quantity, the receipt must state the quality of precious metal, which shall not be less than minimum investment fineness:

   1. (a) In the case of the following metals minimum investment fineness is:

      1. (A) Gold — .995;
      2. (B) Silver — .999;
      3. (C) Platinum — .9995; and
      4. (D) Paladium — .999.

   2. (b) In the case of the following metals in coin form, minimum investment fineness is:

      1. (A) Gold — .900;
      2. (B) Silver — .900;
      3. (C) Platinum — .999; and
      4. (D) Paladium — .999.

Statutory/Other Authority

ORS 645.020 & 645.205

Statutes/Other Implemented

ORS 645.020

History

FCS 1-1992, f. 1-31-92, cert. ef. 2-1-92
FCS 4-1988, f. 3-22-88, cert. ef. 3-25-88
FCS 2-1987(Temp), f. 9-24-87, ef. 9-28-87