Chapter 822 — Regulation of Vehicle Related Businesses
ORS 822.120 Bond or letter of credit requirements; action against certificate holder and surety
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;
Executed to the State of Oregon;
In the sum of $100,000;
Approved as to form by the Attorney General;
Conditioned that the bond or letter of credit is subject to an action under this section.
Any person shall have a right of action against the holder of a dismantler certificate and the surety on the holder’s bond or the dismantler’s letter of credit issuer if the person suffers any loss or damage by reason of the certificate holder’s violation of this section, ORS 803.140, 819.010, 819.012, 819.016, 819.040, 822.140 or 822.150.
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Provenance
2025 Oregon Revised Statutes — official online source
Official online edition
- Source
- oregonlegislature.gov
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671435ae…cc3efbb8- Review
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Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source