Oregon Revised Statutes Chapter 822 § 822.120 — Bond
Oregon Revised Statutes Chapter 822 ·
Oregon Code § 822.120·Enacted ·Last updated March 01, 2026
Statute Text
Bond
or letter of credit requirements; action against certificate holder and surety.
(1) A bond or letter of credit
required to qualify for a dismantler certificate under ORS 822.110 or renewal
of a certificate under ORS 822.125 must be:
(a) With a
corporate surety licensed to transact business within this state, or as to a
letter of credit, an irrevocable letter of credit issued by an insured
institution, as defined in ORS 706.008;
(b) Executed to
the State of Oregon;
(c) In the sum of
$100,000;
(d) Approved as
to form by the Attorney General;
(e) Conditioned
that the person issued the dismantler certificate will conduct business without
violation of this section, ORS 803.140, 819.010, 819.012, 819.016, 819.040,
Plain English Explanation
This Oregon statute addresses Bond
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 822.120
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Bond
. Read the full statute text above for details.
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The formal citation is Oregon Code § 822.120. Use this format in legal documents and court filings.
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