Oklahoma § 47-7-217 Disposition of security.

Oklahoma Statutes

§ 47-7-217 — Disposition of security.

Oklahoma § 47-7-217

Title 47Motor Vehicles

This text of Oklahoma § 47-7-217 (Disposition of security.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 47, § 47-7-217 (2026).

Text

Such security shall be applicable and available only 1. For the payment of any settlement agreement covering any claim arising out of the accident upon instruction of the person who made the deposit, or 2. For the payment of a judgment or judgments, rendered against the person required to make the deposit, for damages arising out of the accident in an action at law begun not later than one (1) year after the deposit of such security, or within one (1) year after the date of deposit of any security following failure to make payments under an agreement to pay.

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Such security shall be applicable and available only 1. For the payment of any settlement agreement covering any claim arising out of the accident upon instruction of the person who made the deposit, or 2. For the payment of a judgment or judgments, rendered against the person required to make the deposit, for damages arising out of the accident in an action at law begun not later than one (1) year after the deposit of such security, or within one (1) year after the date of deposit of any security following failure to make payments under an agreement to pay.