Texas Transportation Code

§ 601.123 — DEPOSIT OF CASH OR CASHIER'S CHECK WITH COUNTY JUDGE

TN § 601.123Title 7. VEHICLES AND TRAFFIC · Part D. MOTOR VEHICLE SAFETY RESPONSIBILITY · Ch. 601. MOTOR VEHICLE SAFETY RESPONSIBILITY ACT · Art. E. ALTERNATIVE METHODS OF ESTABLISHING FINANCIAL RESPONSIBILITY

Statute text

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(a)A person may establish financial responsibility by making a deposit with the county judge of the county in which the motor vehicle is registered.

(b)The deposit must be made in cash or a cashier's check in the amount of at least $55,000.

(c)On receipt of the deposit, the county judge shall issue to the person making the deposit a certificate stating that a deposit complying with this section has been made. The certificate must be acknowledged by the sheriff of that county and filed with the department.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.