Oregon Revised Statutes Chapter 384 § 384.140 — Bond
Oregon Revised Statutes Chapter 384 ·
Oregon Code § 384.140·Enacted ·Last updated March 01, 2026
Statute Text
Bond
or letter of credit of ferry licensee.
Persons licensed by the Department of Transportation to maintain and operate a
ferry under ORS 384.105 to 384.150 shall be required to furnish a bond or an
irrevocable letter of credit issued by an insured institution as defined in ORS
706.008 in such amount as the department requires. The bond or letter of credit
shall be conditioned upon the faithful compliance with and performance of all
the conditions, requirements and provisions contained in the license, and shall
be in such form as the department may prescribe. The bond or letter of credit
shall be made payable to the state. [Amended by 1991 c.331 §61; 1997 c.631 §469]
Plain English Explanation
This Oregon statute addresses Bond
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 384.140
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Bond
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