Oregon Revised Statutes Chapter 323 § 323.115 — Provision for withdrawal of surety
Oregon Revised Statutes Chapter 323 ·
Oregon Code § 323.115·Enacted ·Last updated March 01, 2026
Statute Text
Provision for withdrawal of surety.
Every bond shall contain a provision substantially to the effect that when the
surety exercises its right to withdraw as surety, the withdrawal shall be
effective on the first day of the calendar month after receipt of the notice by
the Department of Revenue if the notice is received on or before the 15th day
of the month, otherwise the withdrawal shall be effective on the first day of
the second calendar month after receipt of the notice by the department. [1965
c.525 §36]
Plain English Explanation
This Oregon statute addresses Provision for withdrawal of surety. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 323.115
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Provision for withdrawal of surety. 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 § 323.115. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.