OAR 441-025-0040
Charitable Securities

(1)

A person may offer and sell Charitable Remainder Annuity Trusts, Charitable Remainder Unitrusts, and Pooled Income Funds and be exempt from the provisions of ORS 59.055 (Conditions of offer and sale of securities) if:

(a)

The person is exempt from federal taxation under the provisions of Section 501(c)(3) of the Internal Revenue Code; and

(b)

The Charitable Remainder Trusts and the Pooled Income Funds qualify under the requirements of Section 664 or Section 642 of the Internal Revenue Code and all other applicable provisions and regulations thereof.

(2)

The Director may by rule or order deny, condition, or withdraw this exemption if, in the Director’s opinion, the availability of this exemption to a person would work a fraud or imposition upon the purchaser.

Source: Rule 441-025-0040 — Charitable Securities, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-025-0040.

Last Updated

Jun. 8, 2021

Rule 441-025-0040’s source at or​.us