Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 25 - SECURITIES EXEMPT FROM REGISTRATION
Section 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 and 441-025-0124. The signed copy shall be retained by the cooperative corporation for no less than the time required by 441-025-0125.

(2) Disclosures required by OAR 441-025-0123 and 441-025-0124 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."