(a) Meet a prudent investor standard; and
(b) Satisfy the investment goals of liquidity and preservation of principal.
(2) An exchange facilitator fails to invest exchange funds according to a prudent investor standard if:
(a) The exchange facilitator knowingly commingles exchange funds with the exchange facilitator’s operating accounts; or
(b) Exchange funds are loaned or otherwise transferred to a person or entity, other than a financial institution, that is an affiliate of or otherwise related to the exchange facilitator, unless the exchange funds are transferred from an exchange facilitator to an exchange accommodation titleholder in accordance with a qualified exchange accommodation agreement.
(3) Exchange funds are not subject to execution or attachment in any claim against the exchange facilitator.
(4) An exchange facilitator may not knowingly keep moneys or cause moneys to be kept in a financial institution under a name that designates the moneys as belonging to a client unless the moneys belong to the client and the client entrusted the moneys to the exchange facilitator. [2013 c.392 §4]
Structure 2021 Oregon Revised Statutes
Chapter 673 - Accountants; Other Tax Professionals
Section 673.010 - Definitions for ORS 673.010 to 673.465; rules.
Section 673.015 - Statement of public interest in regulating practice of accountancy.
Section 673.050 - General qualifications for candidates for C.P.A. examination; rules.
Section 673.060 - C.P.A. and public accountant examination; scope; conduct; fee; rules.
Section 673.075 - Credit for examination sections taken in other states.
Section 673.100 - License as public accountant; application; rules; fee.
Section 673.103 - Public accountant audits prohibited; exception.
Section 673.150 - Permits to engage in practice of public accountancy; permit renewals; fees; rules.
Section 673.153 - Holders of licenses issued by other states; fees.
Section 673.160 - Registration of business organizations; exceptions; fees; rules.
Section 673.165 - Continuing education; types of programs; hours; waiver; rules.
Section 673.170 - Disciplinary actions; grounds; investigations; costs; orders; rules.
Section 673.210 - Reissuance of revoked or suspended licenses.
Section 673.220 - Inactive status; conditions; rules; roster; fees.
Section 673.325 - Statement allowed without permit or authorization.
Section 673.345 - Payment or acceptance of commissions; contingent fees; referral fees; rules.
Section 673.360 - Injunctions.
Section 673.385 - Disclosure of client information prohibited; exceptions.
Section 673.465 - Authority of Oregon Board of Accountancy to require fingerprints.
Section 673.605 - Definitions for ORS 673.605 to 673.740.
Section 673.610 - Application of ORS 673.605 to 673.740.
Section 673.615 - Prohibited acts; preparation of tax returns; refund anticipation loans.
Section 673.625 - Qualifications for tax consultant and tax preparer; examination.
Section 673.640 - Issuance of licenses.
Section 673.645 - Renewal of licenses; restoration of lapsed license; rules.
Section 673.655 - Continuing education requirement; waiver.
Section 673.663 - Use of title "tax consultant."
Section 673.685 - Fees; rules.
Section 673.690 - Tax consultant’s records.
Section 673.695 - Secretary of State as agent for service of process against nonresident; fee.
Section 673.700 - Disciplinary action; grounds.
Section 673.705 - Prohibited acts.
Section 673.712 - Refund anticipation loan disclosures.
Section 673.715 - Local government regulation of refund anticipation loans prohibited; preemption.
Section 673.725 - State Board of Tax Practitioners; term; qualification.
Section 673.730 - Powers of board; rules.
Section 673.732 - Cease and desist orders.
Section 673.735 - Civil penalties.
Section 673.800 - Definitions for ORS 673.800 to 673.825.
Section 673.805 - Notice required upon change in control.
Section 673.810 - Duty to maintain bonds or deposits; duty to maintain insurance or deposits.
Section 673.815 - Custodial duties; standards.
Section 673.820 - Prohibitions.