Utah Statutes
§ 41-12a-509 — Custody and terms of post-accident security deposits.
Utah·Title 41 Motor Vehicles·Ch. 41-12a Financial Responsibility of Motor Vehicle Owners and Operators Act·Part 41-12a-5 Post-Accident Security Requirements and Satisfaction of Judgments
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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Utah § 41-12a-509 (Custody and terms of post-accident security deposits.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 302, 2025 General Session
Nearby Sections
15
§ 41-12a-101
Short title.§ 41-12a-102
References to former provisions.§ 41-12a-103
Definitions.§ 41-12a-104
Rules of construction.§ 41-12a-201
Administration of laws under Title 41, Chapter 12a -- Compliance with Administrative Procedures Act.§ 41-12a-202
Access to accident reports.§ 41-12a-303.2
Evidence of owner's or operator's security to be carried when operating motor vehicle -- Defense -- Penalties.§ 41-12a-304
No-fault tort immunity ineffective.§ 41-12a-305
Assigned risk plan.