Oregon Code § 732.440·Enacted ·Last updated March 01, 2026
Statute Text
Prohibited sales of securities.
(1) No beneficial owner, director or officer, as described in ORS 732.430
directly or indirectly, shall sell any equity security of such insurer if the
person selling the security or the persons principal:
(a) Does not own
the security sold; or
(b) If owning the
security, does not deliver it against such sale within 20 days thereafter, or
does not within five days after such sale deposit it in the mails or other
usual channels of transportation.
(2) No person
shall be deemed to have violated this section if the person proves that
notwithstanding the exercise of good faith the person was unable to make such
delivery or deposit within such time, or that to do so would cause undue
inconvenience or expense. [Formerly 738.750]
Plain English Explanation
This Oregon statute addresses Prohibited sales of securities. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 732.440
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Prohibited sales of securities. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 732.440. Use this format in legal documents and court filings.
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