Oregon Code § 545.498·Enacted ·Last updated March 01, 2026
Statute Text
Surety
bond to be given by board secretary prior to handling district funds.
Before handling or receiving any
funds or collecting any incurred charges as provided in ORS 545.482 to 545.508,
the secretary of the district shall give a good and sufficient surety bond by
an authorized surety company, in an amount that the board of directors may
determine. The cost of the bond shall be paid by the district. The bond shall
be approved by the board and filed in the office of the district. The amount of
the bond may be varied from time to time by order of the board. [Amended by
1991 c.459 §423h; 1995 c.42 §117; 2001 c.476 §6]
Plain English Explanation
This Oregon statute addresses Surety
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 545.498
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses 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 § 545.498. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.