Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 300 - COMMODITIES
Section 441-300-0010 - Depository Receipts

Universal Citation: OR Admin Rules 441-300-0010

Current through Register Vol. 63, No. 3, March 1, 2024

(1) As used in ORS 645.020, an instrument evidencing receipt of precious metals must comply with ORS Chapter 77 (Warehouse Receipts, Bills of Lading and Other Documents of Title).

(2) In addition to stating the quantity, the receipt must state the quality of precious metal, which shall not be less than minimum investment fineness:

(a) In the case of the following metals minimum investment fineness is:
(A) Gold -- .995;

(B) Silver -- .999;

(C) Platinum -- .9995; and

(D) Paladium -- .999.

(b) In the case of the following metals in coin form, minimum investment fineness is:
(A) Gold -- .900;

(B) Silver -- .900;

(C) Platinum -- .999; and

(D) Paladium -- .999.

Stat. Auth: ORS 645.020 & 645.205

Stats. Implemented: ORS 645.020

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