OAR 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 (State Bonds: When Required by Livestock Auction Markets) is inadequate to secure the performance of the obligations or responsibility of an owner or operator of such market under ORS 599.245 (Licensee’s bond), 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.

Source: Rule 603-012-0005 — State Bonds: In Special Circumstances, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=603-012-0005.

Last Updated

Jun. 24, 2021

Rule 603-012-0005’s source at or​.us