Oregon Revised Statutes Chapter 454 § 454.710 — Deposit in lieu of bond
Oregon Revised Statutes Chapter 454 ·
Oregon Code § 454.710·Enacted ·Last updated March 01, 2026
Statute Text
Deposit in lieu of bond.
In lieu of the surety bond required by ORS 454.705, an applicant for a license
required by ORS 454.695 may deposit, under the same terms and conditions as
when a bond is filed, the equivalent value in cash or negotiable securities of
a character approved by the State Treasurer. The deposit is to be made in a
bank or trust company for the benefit of the Department of Environmental
Quality. Interest on deposited funds or securities shall accrue to the
depositor. [1981 c.148 §2]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 454.710
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Deposit in lieu of bond. Read the full statute text above for details.
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The formal citation is Oregon Code § 454.710. Use this format in legal documents and court filings.
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