Or. Admin. Code § 441-065-0140 - Limitation on Selling Expenses

(1) All expenses of a SOAR or a SCOR Offering, including sales expenses, acquisition expenses, expenses for preparing the offering, and similar expenses shall be reasonable after taking into account the nature of the offering, amount to be raised and proposed use of funds.

(2) The provisions of OAR 441-085-0010 shall apply to any registered SOAR or SCOR Offerings, except that sales expenses may not exceed "20%" of the aggregate offering amount.

Notes

Or. Admin. Code § 441-065-0140

CC 9-1982(Temp), f. 4-7-82, ef. 4-15-82; CC 11-1982, f. 8-11-82, ef. 10-10-82; FCS 11-1988(Temp), f. & cert. ef. 6-2-88; Renumbered from 815-036-0040; FCS 15-1988, f. & ef. 11-21-88; FCS 4-1992, f. & cert. ef. 10-1-92; FCS 2-1998, f. & cert. ef. 4-30-98; FSR 5-2018, amend filed 04/26/2018, effective 5/1/2018

Statutory/Other Authority: ORS 59.085

Statutes/Other Implemented: ORS 59.085, 59.065 & 59.105