Oregon Code § 319.070·Enacted ·Last updated March 01, 2026
Statute Text
Release of surety.
Any surety on a bond furnished by a dealer as provided in ORS 319.050 shall be
released and discharged from any and all liability to the state accruing on
such bond after the expiration of 30 days from the date upon which the surety
has lodged with the Department of Transportation a written request to be
released and discharged, but this provision shall not operate to relieve,
release or discharge the surety from any liability already accrued or which
accrues before the expiration of the 30-day period. The department shall
promptly, upon receiving the request, notify the dealer who furnished the bond,
and unless the dealer, on or before the expiration of the 30-day period, files
a new bond, or makes a deposit in accordance with the requirements of ORS 319.050
and 319.060, the department forthwith shall cancel the dealers license.
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 319.070
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Release of surety. Read the full statute text above for details.
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