OAR 845-006-0301: “Applicant” and “Licensee” Defined

(1) A license issued by the Commission shall include as licensees under a single license all individuals or entities who own or have an ownership interest in the business as defined in OAR 845-005-0311. If any such licensee is an entity, the following persons shall also be included as licensees under the license: (a) Each principal officer, including the president, any vice president with responsibility over the operation of a licensed business, the secretary, the treasurer, or any other officer designated by the Commission. (b) Each director with 20 percent or more of the entity’s stock or who holds 20 percent or more of the total membership interest in the entity or whose investment interest is 20 percent or more of the total investment interests in the entity; (c) Each person or entity who owns or controls 20% or more of the entity’s stock or who holds 20% or more of the total membership interest in the entity or whose investment interest is 20% or more of the total investment interests in the entity; (d) Each manager of a limited liability company and each general partner of a limited partnership. (2) As used in ORS 471.313, “applicant” includes all of the entities and individuals (as applicable) listed in subsection (1) of this rule. As used in 471.315, “licensee” includes all of the entities and individuals (as applicable) listed in subsection (1) of this rule. (3) In any proceeding brought under the authority of ORS 471.313 or subject to the penalty provisions of 471.315, each licensee as defined in subsection (1) shall be individually responsible for any violation or other resolution of the proceeding and shall be jointly and severally liable for any sanction.