Oregon Administrative Rules › Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION › Division 35 - SECURITIES TRANSACTIONS EXEMPT FROM REGISTRATION › Section 441-035-0010 - Accredited Investor

Current through Register Vol. 63, No. 7, July 1, 2024
For purposes of ORS
				59.035(5)
				accredited investor includes:
(1) Any
			 bank as defined in Section 3(a)(2) of the Securities Act of 1933 (the "Act"),
			 or any savings and loan association or other institution as defined in Section
			 3(a)(5)(A) of the Act whether acting in its individual or fiduciary capacity;
			 any broker or dealer registered pursuant to Section 15 of the Securities
			 Exchange Act of 1934; any insurance company as defined in Section 2(13) of the
			 Act; any investment company registered under the Investment Company Act of 1940
			 or a business development company as defined in Section 2(a)(48) of the
			 Investment Company Act of 1940; any small business investment company licensed
			 by the U.S. Small Business Administration under Section 301(c) or (d) of the
			 Small Business Investment Act of 1958; any plan established and maintained by a
			 state, its political subdivisions, or any agency or instrumentality of a state
			 or its political subdivisions for the benefit of its employees, if such plan
			 has total assets in excess of $5,000,000; any employee benefit plan within the
			 meaning of Title 1 of the Employee Retirement Income Security Act of 1974
			 ("ERISA"), if the investment decision is made by a plan fiduciary, as defined
			 in Section 3(21) of ERISA, which is either a bank, savings and loan
			 association, insurance company, or registered investment adviser, or if the
			 employee benefit plan has total assets in excess of $5,000,000 or, if a
			 self-directed plan, with investment decisions made solely by persons that are
			 accredited investors.
(2) Any
			 private business development company as defined in Section 202(a)(22) of the
			 Investment Advisers Act of 1940.
(3) Any organization described in
Section 501
(
c
)(
3
) of the
Internal
			 Revenue Code
, corporation, Massachusetts or similar business trust, or
			 partnership, not formed for the specific purpose of acquiring the securities
			 offered, with total assets in excess of $5,000,000.
(4) Any director, executive officer, or
			 general partner of the issuer of the securities being offered or sold or any
			 director, executive officer, or general partner of a general partner of that
			 issuer.
(5) Any natural person
			 whose individual net worth, or joint net worth with that person's spouse, at
			 the time of the purchase exceeds $1,000,000, excluding the value of the natural
			 investor's primary residence.
(6)
			 Any natural person who had an individual income in excess of $200,000 in each
			 of the two most recent years or joint income with that person's spouse in
			 excess of $300,000 in each of those years and has a reasonable expectation of
			 reaching the same income level in the current year.
(7) Any trust, with total assets in excess of
			 $5,000,000, not formed for the specific purpose of acquiring the securities
			 offered, whose purchase is directed by a sophisticated person as described in
17
			 CFR 230.506
(
b
)(
2
)(
ii
).
(8) Any entity in which all of the equity
			 owners are accredited investors.
Stat. Auth.: ORS
				  59.285
Stats. Implemented: ORS
				  59.035(5)