2017 ORS 59.500¹
Limitation on liability

Qualified individuals, broker-dealers and state investment advisers are not liable under state law for the following actions, if performed in good faith, with reasonable cause and with the exercise of reasonable care:

(1) Disclosing information under ORS 59.485 (Required reporting by certain securities professionals of suspected financial exploitation), 59.490 (Notifications to third parties) or 59.505 (Provision of records to law enforcement and certain state agencies);

(2) Failing to notify a vulnerable person of a disclosure of information under ORS 59.485 (Required reporting by certain securities professionals of suspected financial exploitation), 59.490 (Notifications to third parties) or 59.505 (Provision of records to law enforcement and certain state agencies); or

(3) Delaying a disbursement under ORS 59.495 (Delay of disbursements). [2017 c.514 §6]

Chapter 59

Notes of Decisions

Public policy does not prohibit nonculpable corporate directors held liable under this chapter from seeking indemnifica­tion from per­sons actually responsible for the wrongful issuance of unregistered securities. Collins v. Fitzwa­ter, 277 Or 401, 560 P2d 1074 (1977)

Atty. Gen. Opinions

Addi­tional real estate license not re­quired where security sold is interest in limited partnership to invest in real estate, (1978) Vol 38, p 1971

1 Legislative Counsel Committee, CHAPTER 59—Securities Regulation, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors059.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2017, Chapter 59, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano059.­html (2017) (last ac­cessed Mar. 30, 2018).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.