(1) A person authorized by the Oregon Hemp Commission to receive or disburse moneys under ORS § 571.400 to 571.501 shall obtain a fidelity bond from the Oregon Department of Administrative Services.

lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Oregon Statutes 571.474

  • Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100

(2) The bond must be in an amount equal to the maximum amount of moneys that the commission determines the person may control. The commission may establish conditions on the person’s control of moneys under this section.

(3) The commission shall pay the cost of the bond.

(4) If the person is an employee of the commission, the department shall purchase the bond and the commission shall pay the cost of the bond. [2021 c.216 § 27]

 

See note under 571.400.

 

  Previous section
Next section  
 Oregon Hemp Commission Contents