Texas Transportation Code 601.167 – Return of Cash Security
Terms Used In Texas Transportation Code 601.167
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
Cash security or any balance of the security shall be returned to the depositor or the depositor’s personal representative when:
(1) evidence satisfactory to the department is filed with the department that there has been:
(A) a release of liability;
(B) a final adjudication that the person on whose behalf the deposit is made is not liable; or
(C) an agreement as described by § 601.154(d)(3);
(2) reasonable evidence is provided to the department after the second anniversary of the date of the collision that no action arising out of the collision is pending and no judgment rendered in such an action is unpaid; or
(3) in the case of a deposit of security under § 601.162(b), reasonable evidence is provided to the department after the second anniversary of the date of the deposit that no action arising out of the collision is pending and no unpaid judgment rendered in such an action is unpaid.