Current through Register Vol. 60, No. 12, December 1, 2021
(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.
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.
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
(c) Description of the
(d) Nature and
amount of the consideration given or received.
(e) Purpose of, or reason for, the
(f) Manner by which
the amount of consideration was determined.
(g) Gain or loss recognized or realized as a
result of the transaction.
or names of the person or persons from whom the assets were acquired or to whom
they were disposed.
Or. Admin. R.
adopt filed 12/18/2019, effective 01/01/2020;
59-2019, adopt filed 12/18/2019, effective
Statutory/Other Authority: ORS
414.635 & 414.651
Statutes/Other Implemented: ORS