Utah § 41-12a-509 Custody and terms of post-accident security deposits.

Utah Statutes

§ 41-12a-509 — Custody and terms of post-accident security deposits.

Utah § 41-12a-509

Title 41Motor Vehicles

Ch. 41-12aFinancial Responsibility of Motor Vehicle Owners and Operators Act

Part 41-12a-5Post-Accident Security Requirements and Satisfaction of Judgments

This text of Utah § 41-12a-509 (Custody and terms of post-accident security deposits.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 41-12a-509 (2026).

Text

Post-accident security deposited in compliance with Subsection 41-12a-501(1) shall be placed by the department in the custody of the state treasurer and may be applied only to the payment of judgments rendered against the persons on whose behalf the deposit was made, for damages arising out of the accident in question in an action at law, begun not later than one year after the date of the accident, or within one year after the date of deposit of any security under Subsection 41-12a-503(3)(a), or to the payment in settlement, agreed to by the depositor, of claims arising out of the accident.  The deposit or any balance of it shall be returned to the depositor or the depositor's personal representative when evidence satisfactory to the department has been provided that the conditions of eit

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Post-accident security deposited in compliance with Subsection 41-12a-501(1) shall be placed by the department in the custody of the state treasurer and may be applied only to the payment of judgments rendered against the persons on whose behalf the deposit was made, for damages arising out of the accident in question in an action at law, begun not later than one year after the date of the accident, or within one year after the date of deposit of any security under Subsection 41-12a-503(3)(a), or to the payment in settlement, agreed to by the depositor, of claims arising out of the accident. The deposit or any balance of it shall be returned to the depositor or the depositor's personal representative when evidence satisfactory to the department has been provided that the conditions of either Subsection 41-12a-503(2) or (3) have been satisfied.