Or. Admin. R. 603-012-0005 - State Bonds: In Special Circumstances

Whenever the Department has reason to believe that any bond filed or maintained under OAR 603-012-0003 is inadequate to secure the performance of the obligations or responsibility of an owner or operator of such market under ORS 599.245, the Department shall in writing give such owner or operator at least 20 days prior notice of the need to obtain a larger bond. Failure to obtain the increased or larger bond in the amount established by the Department, may in the option of the Department be grounds for suspension of the license issued to such owner or operator, or other legal action, until such time as the required bond is obtained.

Notes

Or. Admin. R. 603-012-0005
AD 850(22-67), f. 9-5-67, ef. 9-13-67

Stat. Auth.: ORS 596, ORS 597 & ORS 599

Stats. Implemented: ORS 599,245

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