OAR 441-025-0126
Utilization of Disclosures and Disclaimer

(1)

Each investor or purchaser of a membership in a renewable energy cooperative corporation shall sign and date a copy of the disclosures required under OAR 441-025-0123 (Disclosures Required Related to the Sale of Membership Shares in Renewable Energy Cooperative Corporations) and 441-025-0124 (Disclosures Related to Renewable Energy Cooperative Corporation Projects). The signed copy shall be retained by the cooperative corporation for no less than the time required by 441-025-0125 (Required Filings and Records).

(2)

Disclosures required by OAR 441-025-0123 (Disclosures Required Related to the Sale of Membership Shares in Renewable Energy Cooperative Corporations) and 441-025-0124 (Disclosures Related to Renewable Energy Cooperative Corporation Projects) shall include the following legend set out in a prominent place on the first page of the document:
"This offering is being made in reliance on an exemption to the securities registration requirements under the Oregon Securities Law. The Director of the Department of Consumer and Business Services of the State of Oregon has not made any finding that the statements made in this document are true, complete or not misleading. The fact that an exemption is available for a security or a transaction does not mean that the director has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person, security or transaction. In deciding whether or not to invest in the securities offered, you should rely on your own examination of the cooperative issuing the securities and the terms of the offering including the merits and risks.”

Source: Rule 441-025-0126 — Utilization of Disclosures and Disclaimer, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-025-0126.

Last Updated

Jun. 8, 2021

Rule 441-025-0126’s source at or​.us