Or. Admin. Code § 839-015-0220

Current through Register Vol. 63, No. 11, November 1, 2024

Section 839-015-0220 - Deposit in Cash or Negotiable Securities

As used in ORS 658.415(3) 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 839-015-0210 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 still yield no less than the amount required under OAR 839-015-0210 in cash.

Or. Admin. Code § 839-015-0220

BL 6-1984, f. & ef. 4-27-84; BL 3-1990, f. & cert. ef. 3-1-90; BL 11-1993(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(4) & ORS 658.820

Stats. Implemented: ORS 658.415(3)