Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 65 - REGISTRATION OF SECURITIES
Section 441-065-0250 - Definitions
Current through Register Vol. 63, No. 9, September 1, 2024
The following definitions are adopted for the purpose of this Division:
(1) An "agency transaction" is defined as a transaction in securities where one person acts for the account of another person.
(2) A "generic registration" of securities is defined as a registration procedure where a variety and series of securities to be offered is registered based on a gross dollar volume.
(3) A "participation" or "fractional interest" is defined as a transaction where several investors are given an interest in a single mortgage, trust deed, or single land sales contract. This is sometimes referred to as a "split."
(4) A "pooled investment or interest" is defined as a transaction where the investor is given a partial interest along with other investors, in more than one mortgage, trust deed, or land sales contract.
(5) A "principal transaction" is defined as a transaction in mortgage broker securities where a person sells or deals for the person's own account or for the account of an affiliate, officer, director or person holding a similar position with the principal.
Stat. Auth.: ORS 59
Stats. Implemented: ORS 59.065
