Oregon Code § 332.525·Enacted ·Last updated March 01, 2026
Statute Text
Bonds
for personnel.
(1)
The persons authorized to handle district funds, including the person
designated to be custodian of district funds under ORS 328.441, shall be bonded
in an amount to be determined by law and by the district school board. The
board may require bonds on such other persons as the board may determine.
(2) The district
school board shall require the district school clerk to be bonded in an amount
to be determined by the board as reasonably necessary to protect the district
against loss.
(3) The costs of
bonds under subsections (1) and (2) of this section shall be paid by the
district school board in the same manner as other expenses of the district are
paid. All bonds shall be justified by a surety company authorized to do
business in this state. [1965 c.100 §161; 1975 c.770 §28]
Plain English Explanation
This Oregon statute addresses Bonds
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 332.525
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Bonds
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