Texas Transportation Code
§ 601.003 — JUDGMENT; SATISFIED JUDGMENT
TN § 601.003Title 7. VEHICLES AND TRAFFIC · Part D. MOTOR VEHICLE SAFETY RESPONSIBILITY · Ch. 601. MOTOR VEHICLE SAFETY RESPONSIBILITY ACT · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)For purposes of this chapter, judgment refers only to a final judgment that is no longer appealable or has been finally affirmed on appeal and that was rendered by a court of any state, a province of Canada, or the United States on a cause of action:
(1)for damages for bodily injury, death, or damage to or destruction of property arising out of the ownership, maintenance, or use of a motor vehicle; or
(2)on an agreement of settlement for damages for bodily injury, death, or damage to or destruction of property arising out of the ownership, maintenance, or use of a motor vehicle.
(b)For purposes of this chapter, a judgment is considered to be satisfied as to the appropriate part of the judgment set out by this subsection if:
(1)the total amount credited on one or more judgments for bodily injury to or death of one person resulting from one collision equals or exceeds the amount required under Section 601.072(a-1)(1) to establish financial responsibility;
(2)the total amount credited on one or more judgments for bodily injury to or death of two or more persons resulting from one collision equals or exceeds the amount required under Section 601.072(a-1)(2) to establish financial responsibility; or
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Legislative history
Acts 2023, 88th Leg., R.S., Ch. 709 (H.B. 2190), Sec. 63, eff. September 1, 2023.