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

Colorado Statutes

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

Colorado § 42-7-418

Title 42Vehicles and

Art.Motor Vehicle Financial Responsibility Law

This text of Colorado § 42-7-418 (Money - securities for financial responsibility) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 42-7-418 (2026).

Text

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.