(1) The Oregon Liquor and Cannabis Commission may require a licensee or applicant for a license under ORS 475C.548 to submit, in a form and manner prescribed by the commission, to the commission a sworn statement showing:\n(a) The name and address of each person that has a financial interest in the business operating or to be operated under the license; and\n(b) The nature and extent of the financial interest of each person that has a financial interest in the business operating or to be operated under the license.\n(2) The commission may refuse to issue, or may suspend, revoke or refuse to renew, a license issued under ORS 475C.548 if the commission determines that a person that has a financial interest in the business operating or to be operated under the license committed or failed to commit an act that would constitute grounds for the commission to refuse to issue, or to suspend, revoke or refuse to renew, the license if the person were the licensee or applicant for the license. [Formerly 475B.564]
Oregon Legal Code