Oregon Statutes - Chapter 174 - Construction of Statutes; General Definitions - Section 174.140 - Construction of “a surety” or similar words.

In any statute requiring a public official to furnish a fidelity bond or bond conditioned upon the faithful performance of the duties of the official, whenever the words “a surety” or “a corporate insurance company” or words of similar import are used in referring to execution of the bond, the bond may be executed by one or more sureties, or one or more corporate insurance companies, unless the particular statute specifically provides otherwise. [1955 c.289 §1]

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Last modified: August 7, 2008