2015 ORS 59.991¹
Criminal penalties for ORS 59.005 to 59.451 and 59.710 to 59.830
  • exceptions

(1) Except as provided in subsection (3) of this section, violation of any provision of ORS 59.005 (Short title) to 59.451 (Prohibition against filing false statement by person under investigation or examination), 59.710 (Definitions for ORS 59.710 to 59.830) to 59.830 (Self-incrimination by witness), 59.991 (Criminal penalties for ORS 59.005 to 59.451 and 59.710 to 59.830) and 59.995 (Civil penalties for ORS 59.005 to 59.451 and 59.710 to 59.830) or any rule adopted by the Director of the Department of Consumer and Business Services under ORS 59.005 (Short title) to 59.451 (Prohibition against filing false statement by person under investigation or examination), 59.710 (Definitions for ORS 59.710 to 59.830) to 59.830 (Self-incrimination by witness), 59.991 (Criminal penalties for ORS 59.005 to 59.451 and 59.710 to 59.830) and 59.995 (Civil penalties for ORS 59.005 to 59.451 and 59.710 to 59.830), except ORS 59.315 (Oaths and subpoenas in proceedings before director) (2) or 59.810 (Delivery to customer of true statement of purchase or sale made by broker), is a Class B felony.

(2) Violation of ORS 59.315 (Oaths and subpoenas in proceedings before director) (2) or 59.810 (Delivery to customer of true statement of purchase or sale made by broker) is a Class A misdemeanor.

(3) This section does not apply to a failure to file a notice and pay a fee under ORS 59.049 (Federal covered securities exempt from registration) (1), (2) or (3), nor to a failure to file a notice and pay a fee pursuant to ORS 59.165 (Licensing of broker-dealers, investment advisers and salespersons required) (7), nor to a failure to pay a fee pursuant to ORS 59.175 (Procedures for notice filing and licensing) (8), nor to a violation of any rule adopted by the director under ORS 59.049 (Federal covered securities exempt from registration) (1), (2) or (3), 59.165 (Licensing of broker-dealers, investment advisers and salespersons required) (7) or 59.175 (Procedures for notice filing and licensing) (8). [1967 c.537 §35; 1981 c.292 §5; 1987 c.603 §24; 1997 c.772 §28; 1999 c.53 §5]

Notes of Decisions

Sentence of suspended 5-year prison term and fine of $5,000 for con­vic­­tion under ORS 59.055 (Conditions of offer and sale of securities) exceeded max­i­mum permissible sen­tence, for con­vic­­tion of defendant did not require proof of "culpable mental state" within meaning of ORS 161.105 (Culpability requirement inapplicable to certain violations and offenses). State v. Pierre, 30 Or App 81, 566 P2d 534 (1977)

Law Review Cita­tions

68 OLR 890 (1989)

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 (2015) (last ac­cessed Jul. 16, 2016).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2015, Chapter 59, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano059.­html (2015) (last ac­cessed Jul. 16, 2016).
 
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.