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Section 645.005 – Definitions.

As used in this chapter: (1) “Board of trade” means any person or persons engaged in buying or selling any commodity or receiving the same for sale on consignment, whether such person or persons are characterized as a board of trade, exchange or other form of marketplace. (2) “Commodity” means, except as otherwise specified by […]

Section 645.015 – Persons exempt from prohibition; effect of federal law.

(1) The prohibitions in ORS 645.010 shall not apply to any transaction by: (a) A person registered with the federal Commodity Futures Trading Commission as a futures commission merchant or as a leverage transaction merchant whose activities require registration; (b) A person affiliated with, and whose obligations and liabilities under the transaction are guaranteed by, […]

Section 645.020 – Transactions exempt from prohibition.

The prohibitions in ORS 645.010 shall not apply to the following: (1) An account, agreement or transaction within the exclusive jurisdiction of the federal Commodity Futures Trading Commission; (2) A commodity contract for silver, gold, platinum, palladium, copper or other precious metal as defined by rule of the director whether in coin, bullion or other […]

Section 645.025 – Applicability of ORS 645.010, 645.035 and 645.040.

(1) ORS 645.010, 645.035 and 645.040 apply to persons who sell or offer to sell when: (a) An offer to sell is made in this state; or (b) An offer to buy is made and accepted in this state. (2) ORS 645.010, 645.035 and 645.040 apply to persons who buy or offer to buy when: […]

Section 645.035 – Commodity merchant required to comply with federal law.

(1) No person shall engage in a trade or business or otherwise act as a commodity merchant unless such person: (a) Is registered or temporarily licensed with the federal Commodity Futures Trading Commission for each activity constituting such person as a commodity merchant; or (b) Is exempt from such registration by virtue of the federal […]