Relating to sales of securities subject to the Oregon Securities Law.
Catchline/Summary:
Requires court or arbitrator to award reasonable attorney fees to prevailing plaintiff in action for fraud or based on untrue statement or omission of material fact in connection with sale or purchase of security. Requires court or arbitrator to award reasonable attorney fees to prevailing plaintiff in action for fraud or based on untrue statement or omission of material fact in connection with sale or purchase of security.
Provides that condition, stipulation or provision that binds person to waive compliance with Oregon Securities Law or rule adopted or order issued under Oregon Securities Law is void.
Permits Director of Department of Consumer and Business Services to recover costs and reasonable attorney fees in action for violation of Oregon Securities Law or rule adopted or order issued under Oregon Securities Law. Prohibits court from requiring director to post bond in connection with action.
Chapter Number:
Fiscal Impact:
No Fiscal Impact
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 495 Senate Committee On Judiciary
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