Oregon Revised Statutes Chapter 319 § 319.080 — Additional bond or deposit
Oregon Revised Statutes Chapter 319 ·
Oregon Code § 319.080·Enacted ·Last updated March 01, 2026
Statute Text
Additional bond or deposit.
The Department of Transportation may require a dealer to give a new or
additional surety bond or to deposit additional securities of the character
specified in ORS 319.060 if, in its opinion, the security of the surety bond
theretofore filed by the dealer, or the market value of the properties
deposited as security by the dealer, becomes impaired or inadequate. Upon
failure of the dealer to give the new or additional surety bond or to deposit
additional securities within 10 days after being requested so to do by the
department, the department forthwith shall cancel the license of the dealer.
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 319.080
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Additional bond or deposit. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 319.080. Use this format in legal documents and court filings.
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