Oregon Statutes - Chapter 323 - Cigarettes and Tobacco Products - Section 323.125 - Liquidation of security to pay delinquency.

Upon receipt of a certificate of the Department of Revenue setting forth the amount of a distributor’s delinquencies, the State Treasurer shall pay to the department the amount so certified from the money deposited with the State Treasurer by the distributor or from the amounts received from the sale of bonds or other obligations deposited with the State Treasurer by the distributor. Securities deposited with the State Treasurer which have a prevailing market price may be sold by the State Treasurer for the purposes of this section at private sale at a price not lower than the prevailing market price thereof. [1965 c.525 §38]

Section:  Previous  323.091  323.105  323.106  323.107  323.110  323.115  323.120  323.125  323.130  323.135  323.140  323.155  323.160  323.165  323.170  Next

Last modified: August 7, 2008