Oregon Statutes 645.015 – Persons exempt from prohibition; effect of federal law
(1) The prohibitions in ORS § 645.010 shall not apply to any transaction by:
Terms Used In Oregon Statutes 645.015
- Contract: A legal written agreement that becomes binding when signed.
- Financial institution: means an insured institution or trust company as those terms are defined in ORS § 706. See Oregon Statutes 645.005
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Person: includes an individual, a joint venture, a partnership, a cooperative, an association, a joint stock company, a corporation, a trust, an unincorporated organization, a government or a political subdivision of a government. See Oregon Statutes 645.005
(a) A person registered with the federal Commodity Futures Trading Commission as a futures commission merchant or as a leverage transaction merchant whose activities require registration;
(b) A person affiliated with, and whose obligations and liabilities under the transaction are guaranteed by, a person referred to in paragraph (a) of this subsection;
(c) A person who is a member of a contract market designated by the federal Commodity Futures Trading Commission or any clearinghouse thereof;
(d) A financial institution;
(e) A person registered under the Oregon Securities Law, as cited in ORS § 59.005, as a broker-dealer; or
(f) A contract market designated by the federal Commodity Futures Trading Commission or any clearinghouse thereof or a securities exchange registered with the federal Securities and Exchange Commission.
(2) The exemption provided by this section shall not apply to any transaction or activity which is prohibited by the federal Commodity Exchange Act or rules adopted by the federal Commodity Futures Trading Commission. [1987 c.148 § 5]