2011 Oregon Revised Statutes
ORS Volume 3, Chapters 90 - 130
ORS Chapter 125
125.415 Termination of bond by surety.


OR Rev Stat § 125.415 (through Leg Sess 2011) What's This?

(1) A surety may cancel the obligation of the surety upon notice in writing to the conservator and the court. The notice shall specify an effective date for the cancellation that is not less than 30 days after the date of the notice.

(2) A surety s obligation under a bond shall continue until court approval of an accounting covering the period during which the bond was effective and an order is entered releasing the sureties. [1995 c.664 37]

(Conservator s Powers and Duties)

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