OAR 441-025-0121: General Requirements for Renewable Energy Cooperative Corporations

(1) In order to rely on the exemption under ORS 59.025(12), a renewable energy cooperative corporation must: (a) Have a certificate of existence issued by the Oregon Secretary of State pursuant to ORS 62.065 and be in good standing; (b) Meet all the conditions set out in 441-025-0122; (c) Provide the disclosures in the manner required by 441-025-0123; and (d) Make any required filings under 441-025-0125. (2) Reliance on ORS 59.025(12) does not preclude renewable energy cooperative corporations from relying on other exemptions under 59.025 or 59.035, as appropriate, for the offer or sale of membership shares, capital stock, or other authorized securities.