Home/Missouri/Statutes/Title XIX: MOTOR VEHICLES, WATERCRAFT AND AVIATION/Ch. 303: Motor Vehicle Financial Responsibility Law/§ 303.240
Missouri Statutes

§ 303.240 — Cash deposit as proof of responsibility.

Missouri § 303.240
JurisdictionMissouri
Title XIXMOTOR VEHICLES, WATERCRAFT AND AVIATION
Ch. 303Motor Vehicle Financial Responsibility Law

This text of Missouri § 303.240 (Cash deposit as proof of responsibility.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mo. Rev. Stat. § 303.240 (2026).

Text

1.Proof of financial responsibility may be evidenced by the certificate of the state treasurer that the person named therein has deposited with him seventy-five thousand dollars in cash, or securities such as may legally be purchased by savings banks or for trust funds of a market value of seventy-five thousand dollars.  The state treasurer shall not accept any such deposit and issue a certificate therefor and the director shall not accept such certificate unless accompanied by evidence that there are no unsatisfied judgments of any character against the depositor in the county where the depositor resides.
2.Such deposit shall be held by the state treasurer to satisfy, in accordance with the provisions of this chapter, any execution on a judgment issued against such person making the

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Legislative History

(L. 1953 p. 569 §303.250, A.L. 1965 p. 481, A.L. 1981 S.B. 201, A.L. 2018 S.B. 708) Effective 7-01-19

Nearby Sections

15
§ 303.010
Title of law.
§ 303.020
Definitions.
§ 303.022
Applicability of certain state statutes to motor vehicle liability policies, when.
§ 303.024
Insurance identification cards issued by insurer, contents — identification cards for self-insured issued by director, contents — exhibition of card to peace officers or commercial vehicle enforcement officers — failure to exhibit, violation of section 303.025.
§ 303.025
Duty to maintain financial responsibility, residents and nonresidents — inoperable or stored vehicles, voluntary suspension of registration — misdemeanor penalty for violations — exception, methods — court to notify department of revenue, additional punishment, right of appeal.
§ 303.026
Director to notify owners who register vehicles, contents — affidavit certifying financial responsibility required for registration — director may use sampling techniques to verify — insurers required to submit policy information to director, format, use, disclosure — violations by insurer, penalty — notice to owner, when.
§ 303.030
Operator's license suspended on failure to give security for payment of damages after accident, burden of proof for challenging determination — exceptions — insurance accepted.
§ 303.039
Effective date for sections 303.025 and 303.041.
§ 303.040
All motor vehicle accidents to be reported — director to notify all other parties, contents — parties to furnish information — nonresident requirements.
§ 303.041
Failure to maintain financial responsibility — notice, procedure, contents — suspension of license and registration — request for hearing, right, effect — subsequent acquisition of financial responsibility, effect — duration of suspension, fee.
§ 303.042
Suspension, effective when — length of suspension, factors considered — false submission of proof of insurance, suspension, duration, fee.
§ 303.044
Proof of financial responsibility required for reregistration.
§ 303.045
Records, where kept — destroyed, when.
§ 303.050
Security, form and amount — reduced, when.
§ 303.051
Judgment-creditor entitled to notice of security held.
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Bluebook (online)
Missouri § 303.240, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/303/303.240.