A transaction that has been or is exempted from the requirements of ORS 732.430 is also exempted from 732.435 to the extent that the transaction would otherwise be subject to 732.435.
Or. Admin. Code § 836-024-0155
Stat. Auth: ORS 731.244, 732.420, 732.430, 732.435, 732.445, 732.450, 732.455
Stats. Implemented: ORS 732.420 - 732.455