Or. Admin. R. 856-010-0019 - Surety Bond or Deposit
(1) Each
pilot licensed by the Board or on file with the Board as an individual in pilot
trainee status shall file with the Board a surety bond in the amount of $250 in
the form provided in this rule and underwritten by a surety company authorized
to do business in Oregon.
(2) In
lieu of the surety bond, a pilot may deposit $250 in cash or cashier's check
with the Board as surety of the pilot's obligation under ORS Chapter 776. The
Board shall deposit the funds according to the regulations of the state
treasurer.
(3) If a pilot fails to
pay the sum of $250 into the court in which a suit or action alleging
negligence by the pilot has been filed, as required by ORS Chapter 776, the
Board shall upon demand make such payment from the funds on deposit, if the
pilot has elected such deposit in lieu of presentation of a bond.
(4) Failure to present a bond or maintain on
deposit a sum of $250 as surety shall be grounds for revocation of a pilot's
license.
(5) When a pilot
surrenders his/her license to the Board, and if no suits or actions are pending
against the pilot, the Board shall return the bond or the cash deposit upon
receipt of the pilot's written request.
(6) Upon expiration of the pilot's license
and if no suits or actions are pending against the pilot, the Board shall
return the bond or the cash deposit upon receipt of the pilot's written
request.
(7) An acceptable form of
a bond is hereby made a part of this rule as shown in Appendix 1.
Copies of the bond may be obtained from the administrator of the
Board.
Notes
Appendices referenced are available from the agency
Stat. Auth.: ORS 776
Stats. Implemented: ORS 776.540
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