OAR 441-025-0121
General Requirements for Renewable Energy Cooperative Corporations

(1)

In order to rely on the exemption under ORS 59.025 (Securities exempt from registration)(12), a renewable energy cooperative corporation must:

(a)

Have a certificate of existence issued by the Oregon Secretary of State pursuant to ORS 62.065 (Certificate of existence) and be in good standing;

(b)

Meet all the conditions set out in 441-025-0122 (Requirements for Reliance on Registration Exemption for Renewable Energy Cooperative Corporations);

(c)

Provide the disclosures in the manner required by 441-025-0123 (Disclosures Required Related to the Sale of Membership Shares in Renewable Energy Cooperative Corporations); and

(d)

Make any required filings under 441-025-0125 (Required Filings and Records).

(2)

Reliance on ORS 59.025 (Securities exempt from registration)(12) does not preclude renewable energy cooperative corporations from relying on other exemptions under 59.025 (Securities exempt from registration) or 59.035 (Transactions exempt from registration), as appropriate, for the offer or sale of membership shares, capital stock, or other authorized securities.

Source: Rule 441-025-0121 — General Requirements for Renewable Energy Cooperative Corporations, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-025-0121.

Last Updated

Jun. 8, 2021

Rule 441-025-0121’s source at or​.us