2011 ORS § 810.320¹
Use of guaranteed arrest bond certificate as security deposit
The unexpired guaranteed arrest bond certificate, as defined in ORS 742.372 (Guaranteed arrest bond certificate), of a member of an automobile club or automobile association is acceptable, when authorized under ORS 810.300 (Security for appearance on traffic crime), 810.440 (Security for appearance of person arrested for traffic crime) or 810.450 (Security for appearance of person issued citation), as a security deposit for that member for any traffic crime, other than a felony, if the security deposit required does not exceed $1,000. The use of an unexpired guaranteed arrest bond certificate as a security deposit under this section is subject to all of the following:
(1) To qualify for use as a security deposit, a guaranteed arrest bond certificate must have a surety company that has become a surety on the certificate as provided under ORS 742.372 (Guaranteed arrest bond certificate) to 742.376 (Requirements to issue guaranteed arrest bond certificate).
(2) If the individual does not make the appearance, the surety for the certificate is subject on the undertaking of the surety under ORS 742.374 (Surety may issue guaranteed arrest bond certificate not to exceed $1,000) to any forfeiture or enforcement provision of any statute, charter or ordinance that otherwise applies to security deposits on their undertaking. [1983 c.338 §378; 1985 c.16 §197; 1989 c.634 §4; 1999 c.1051 §287]