(a) Money deposited pursuant to paragraph (4) of subdivision (a) of Section 16377 shall be:

(1) Deposited by the department in the special deposit fund with the Treasurer.

Terms Used In California Vehicle Code 16378

  • Department: means the Department of Motor Vehicles except, when used in Chapter 2 (commencing with Section 2100) of Division 2 and in Divisions 11 (commencing with Section 21000), 12 (commencing with Section 24000), 13 (commencing with Section 29000), 14 (commencing with Section 31600), 14. See California Vehicle Code 290
  • judgment: means a final judgment of any court of competent jurisdiction in this or any other state or of the United States against a person as defendant upon a cause of action. See California Vehicle Code 16250
  • Person: includes a natural person, firm, copartnership, association, limited liability company, or corporation. See California Vehicle Code 470

(2) Payable to the judgment creditor upon presentation of a valid claim establishing that he or she is the judgment creditor for which the deposit was made and that the judgment remains unsatisfied.

(3) Refunded to the person making the deposit or to a person designated by himself or herself if the deposit remains unclaimed by the judgment creditor for a period of two years following the date of the deposit.

(4) The Controller shall draw his or her warrant on the Treasurer for any payment ordered pursuant to this section as ordered by the department.

(b) This section shall become operative on January 1, 2017.

(Repealed (in Sec. 40) and added by Stats. 2015, Ch. 451, Sec. 41. (SB 491) Effective January 1, 2016. Section operative January 1, 2017, by its own provisions.)

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