Oregon Code § ORS 166.350

Unlawful possession of armor piercing ammunition
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(1) A person commits the crime of unlawful possession of armor piercing ammunition if the person:
(a) Makes, sells, buys or possesses any handgun ammunition the bullet or projectile of which is coated with Teflon or any chemical compound with properties similar to Teflon and which is intended to penetrate soft body armor, such person having the intent that the ammunition be used in the commission of a felony; or
(b) Carries any ammunition described in paragraph (a) of this subsection while committing any felony during which the person or any accomplice of the person is armed with a firearm.
(2) As used in this section, handgun ammunition means ammunition principally for use in pistols or revolvers notwithstanding that the ammunition can be used in some rifles.
(3) Unlawful possession of armor piercing ammunition is a Class A misdemeanor.

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