ORS 59.585¹
Short title
  • rules of construction

(1) ORS 59.535 (Definitions for ORS 59.535 to 59.585) to 59.585 (Short title) shall be known as and may be cited as the Uniform TOD Security Registration Act.

(2) ORS 59.535 (Definitions for ORS 59.535 to 59.585) to 59.585 (Short title) shall be liberally construed and applied to promote its underlying purposes and policy and to make uniform the laws with respect to the subject of ORS 59.535 (Definitions for ORS 59.535 to 59.585) to 59.585 (Short title) among states enacting it.

(3) Unless displaced by the particular provisions of ORS 59.535 (Definitions for ORS 59.535 to 59.585) to 59.585 (Short title), the principles of law and equity supplement its provisions. [1991 c.306 §11]

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 (2019) (last ac­cessed May 16, 2020).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 59, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano059.­html (2019) (last ac­cessed May 16, 2020).
 
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. Currency Information