Or. Admin. Code § 410-141-5235 - REPORTING AND APPROVAL OF CERTAIN TRANSACTIONS: Reports of Material Materiality and Reporting Standards for Asset Acquisitions and Dispositions
(1) No acquisitions
or dispositions of assets need be reported pursuant to OAR
410-141-5230 if the acquisition
or disposition is not material. For purposes of OAR
410-141-5230, a material
acquisition (or the aggregate of any series of related acquisitions during any
30-day period) or disposition (or the aggregate of any series of related
dispositions during any 30-day period) is one that is non-recurring and not in
the ordinary course of business and involves more than five percent of the
reporting CCO's total allowed assets as reported in its most recent statutory
statement filed with the Authority.
(2) OAR
410-141-5230 applies to the
following asset acquisitions and asset dispositions:
(a) Asset acquisitions include every
purchase, lease, exchange, merger, consolidation, succession or other
acquisition by or for the reporting CCO.
(b) Asset dispositions include every sale,
lease, exchange, merger, consolidation, mortgage, hypothecation, assignment
(whether for the benefit of creditors or otherwise), abandonment, destruction
or other disposition.
(3) The following information is required to
be disclosed in any report of a material acquisition or disposition of assets:
(a) Date of the transaction.
(b) Manner of acquisition or
disposition.
(c) Description of the
assets involved.
(d) Nature and
amount of the consideration given or received.
(e) Purpose of, or reason for, the
transaction.
(f) Manner by which
the amount of consideration was determined.
(g) Gain or loss recognized or realized as a
result of the transaction.
(h) Name
or names of the person or persons from whom the assets were acquired or to whom
they were disposed.
Notes
Statutory/Other Authority: ORS 413.042, 414.572, 414.591 & 414.605
Statutes/Other Implemented: ORS 414.570-414.686 & 415.001-415.430
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