Oregon Statutes - Chapter 125 - Protective Proceedings - Section 125.415 - Termination of bond by surety.

(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 suretyís 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]

(Conservatorís Powers and Duties)

Section:  Previous  125.315  125.320  125.325  125.330  125.400  125.405  125.410  125.415  125.420  125.425  125.430  125.435  125.440  125.445  125.450  Next

Last modified: August 7, 2008