2017 Oregon Revised Statutes
Volume : 14 - Trade Practices, Labor and Employment
Chapter 658 - Employment Agencies; Farm Labor Contractors and Construction Labor Contractors; Farmworker Camps
Section 658.075 - Agency to file security.
(1) Each employment agency shall maintain a corporate surety bond or irrevocable letter of credit issued by an insured institution as defined in ORS 706.008 of $5,000, payable to the people of the State of Oregon, conditioned that the employment agency will comply with ORS 658.005 to 658.245 and will pay:
(a) All sums legally owing to any person when the employment agency or its agents have received such sums;
(b) All damages occasioned to any person by reason of any willful misrepresentation, fraud, deceit or other unlawful act or omission by the employment agency, or its agents or employees acting within the scope of their employment; and
(c) All sums legally owing to any employee of the employment agency.
(2) For the purposes of this section, each general partner shall furnish the required bond or letter of credit. When an employment agency is operated by a limited liability company or corporation, the bond or letter of credit shall be in the name of the limited liability company or corporation. [1953 c.694 §7; 1961 c.380 §8; 1973 c.678 §6; 1981 c.318 §9; 1983 c.607 §2; 1987 c.306 §3; 1991 c.331 §101; 1997 c.55 §5; 1997 c.631 §519]
