Or. Admin. Code § 839-014-0220

Current through Register Vol. 64, No. 1, January 1, 2025

Section 839-014-0220 - Deposit in Cash or Negotiable Securities

As used in ORS 658.735 and in these rules "a deposit in cash or negotiable securities" means a single financial instrument which yields no less than the amount required pursuant to OAR 839-014-0210 in cash immediately upon demand. If the deposit is one which is subject to a penalty for early withdrawal, then the deposit must be in an amount sufficient to satisfy the penalty and yield no less than the amount required under OAR 839-014-0210 in cash.

Or. Admin. Code § 839-014-0220

BL 2-1990, f. & cert. ef. 3-1-90; BL 10-1993(Temp), f. 10-29-93, cert. ef. 11-3-93; BL 1-1994, f. & cert. ef. 5-3-94

Stat. Auth.: ORS 658.407(3), ORS 658.415(14) & ORS 658.820(1)

Stats. Implemented: ORS 658.735(1)