Colorado § 42-7-418 Money - securities for financial responsibility

Colorado Statutes

§ 42-7-418 — Money - securities for financial responsibility

Colorado·Title 42 Vehicles and·Art. Motor Vehicle Financial Responsibility Law

(1)A person may give proof of financial responsibility by delivering to the director money in an amount or securities approved by said director and of a market value in a total amount as would be required for coverage in a motor vehicle liability policy furnished by the person giving such proof under this article. Such securities shall be of a type which may legally be purchased by savings banks or for trust funds.

(2)All money or securities so deposited shall be subject to execution to satisfy any judgment mentioned in this article but shall not otherwise be subject to attachment or execution.

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(1) A person may
give proof of financial responsibility by delivering to the director money in an
amount or securities approved by said director and of a market value in a total
amount as would be required for coverage in a motor vehicle liability policy
furnished by the person giving such proof under this article. Such securities shall be
of a type which may legally be purchased by savings banks or for trust funds.

(2) All money or securities so deposited shall be subject to execution to
satisfy any judgment mentioned in this article but shall not otherwise be subject to
attachment or execution.

Colorado § 42-7-418 (Money - securities for financial responsibility) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.