2011 ORS § 757.412¹
Exemption from securities regulation
Subject to such terms and conditions as the Public Utility Commission may prescribe, the commission, by rule or order, may exempt the following from any or all of the provisions of ORS 757.400 (Definition of stocks) to 757.480 (Approval needed prior to disposal, mortgage or encumbrance of certain operative utility property or consolidation with another public utility), if the commission finds that application of the law is not required by the public interest:
(1) Any stocks and bonds, notes or other evidences of indebtedness and any other security or guarantee or class of securities or guarantees for which commission authorization would otherwise be required prior to the issuance, incurrence or assumption thereof.
(2) Any public utility or class of public utilities. [1997 c.261 §3]
Note: 757.412 (Exemption from securities regulation) was added to and made a part of ORS chapter 757 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.