ORS § 180.415

Current through 2024 Regular Session legislation effective April 17, 2024
Section 180.415 - Nonparticipating manufacturer certification; rules

In the certification required by ORS 180.410 (1), a nonparticipating manufacturer shall further certify:

(1) That the nonparticipating manufacturer and, if applicable, the nonparticipating manufacturer's importer are registered to do business in the State of Oregon or have appointed a resident agent for service of process and provided notice of the appointment as required by ORS 180.430.
(2) That the nonparticipating manufacturer:
(a) Has made all required equity assessment payments; or
(b)
(A) Has established and continues to maintain a qualified escrow fund; and
(B) Has executed a qualified escrow agreement that has been reviewed and approved by the Attorney General and that governs the qualified escrow fund. The Attorney General shall adopt rules defining the form and content of a model escrow agreement. A nonparticipating manufacturer that executes the model escrow agreement is deemed to have satisfied the requirement that it use a form of escrow agreement that has been reviewed and approved by the Attorney General.
(3)
(a) The name, address and telephone number of the financial institution where the nonparticipating manufacturer has established the qualified escrow fund required by ORS 323.806;
(b) The account number of the qualified escrow fund and any subaccount number for the State of Oregon;
(c) The amount the nonparticipating manufacturer has placed in the qualified escrow fund or has paid as equity assessments for cigarettes sold in Oregon during the preceding calendar year, the amount and date of each deposit or payment and evidence or verification as may be deemed necessary by the Attorney General to confirm the amounts and dates; and
(d) The amount and date of any withdrawal of funds the nonparticipating manufacturer made at any time from any qualified escrow fund into which the nonparticipating manufacturer ever made escrow payments pursuant to ORS 323.804 or 323.806.
(4) That the nonparticipating manufacturer has posted a bond in accordance with ORS 180.416.
(5) That all shipments or sales made within or into this state by the nonparticipating manufacturer or its importer are made to a distributor of cigarettes licensed under ORS 323.105 or a distributor of tobacco products licensed under ORS 323.530.

ORS 180.415

See note under 180.400.