Oregon § 673.805 Notice required upon change in control

Oregon Statutes

§ 673.805 — Notice required upon change in control

Oregon § 673.805

Vol.17

Title 52Occupations and Professions

Ch. 673Accountants; Other Tax Professionals

This text of Oregon § 673.805 (Notice required upon change in control) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 673.805 (2026).

Text

(1)When a change in control occurs for an exchange facilitator, the exchange facilitator within 10 business days after the change in control becomes effective shall notify the exchange facilitator’s clients with relinquished property located in this state or for which the exchange facilitator holds replacement property under a qualified exchange accommodation agreement. If the exchange facilitator is a publicly traded company and remains a publicly traded company after the change in control, the publicly traded company need not notify existing clients about the change in control.

(2)The notice required under subsection (1) of this section must:

(a)Be delivered by hand, first-class mail, overnight mail, electronic mail or facsimile;

(b)Be posted on any website the exchange facilitator m

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(1) When a change in control occurs for an exchange facilitator, the exchange facilitator within 10 business days after the change in control becomes effective shall notify the exchange facilitator’s clients with relinquished property located in this state or for which the exchange facilitator holds replacement property under a qualified exchange accommodation agreement. If the exchange facilitator is a publicly traded company and remains a publicly traded company after the change in control, the publicly traded company need not notify existing clients about the change in control.
(2) The notice required under subsection (1) of this section must:
(a) Be delivered by hand, first-class mail, overnight mail, electronic mail or facsimile;
(b) Be posted on any website the exchange facilitator maintains for 90 days after the effective date of the change in control; and
(c) Set forth the name, address, telephone number and other contact information for the person that assumes control of the exchange facilitator.
(3) For purposes of this section, a change in control for an exchange facilitator occurs if more than 50 percent of the exchange facilitator’s assets or ownership interests transfer, directly or indirectly, to another person within 12 months.