As used in ORS 658.735 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 839-014-0210 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 yield no less than the amount required under 839-014-0210 in cash.

Statutory/Other Authority

ORS 658.407(3), 658.415(14) & 658.820(1)

Statutes/Other Implemented

ORS 658.735(1)

History

BL 1-1994, f. & cert. ef. 5-3-94
BL 10-1993(Temp), f. 10-29-93, cert. ef. 11-3-93
BL 2-1990, f. & cert. ef. 3-1-90